SBA & Other Capital Assistance
***Provided by the U.S. Women's Chamber of Commerce and The American Small Business Chamber of Commerce for COVID-19 Assistance.***
Please use the links below to access information the USWCC and ASBCC have collected to assist our members and friends:
Key Resource Links
- SBA Loan - Main Information Page
- SBA Disaster Assistance Information
- SBA Disaster Loan Assistance
- SBA Coronavirus COVID-19 Small Business Guidance / Loan Resources
- SBA Regional Assistance
* Please note, we have heard feedback from our members that there is difficulty accessing these loan program links. I am working with the SBA to address this issue and will update you on progress as soon as possible. Margot Dorfman, CEO, USWCC
Updates: News & Information
8/13/20
The US Department of Housing and Urban Development would like to make the small business community aware of the Community Compass Notice of Funding Opportunity (NOFO). HUD is announcing the availability of approximately $91,125,000 in FY 2020 funding for its Community Compass Technical Assistance and Capacity Building Program. As HUD’s integrated technical assistance (TA) and capacity building initiative, Community Compass is designed to help HUD’s customers navigate complex housing and community development challenges by equipping them with the knowledge, skills, tools, capacity, and systems to implement HUD programs and policies successfully and sustainably and provide effective administrative and managerial oversight of HUD funding.
The US Department of Housing and Urban Development would like to make the small business community aware of the Community Compass Notice of Funding Opportunity (NOFO). HUD is announcing the availability of approximately $91,125,000 in FY 2020 funding for its Community Compass Technical Assistance and Capacity Building Program. As HUD’s integrated technical assistance (TA) and capacity building initiative, Community Compass is designed to help HUD’s customers navigate complex housing and community development challenges by equipping them with the knowledge, skills, tools, capacity, and systems to implement HUD programs and policies successfully and sustainably and provide effective administrative and managerial oversight of HUD funding.
Eligible applicants for this NOFO are applying to be HUD TA Providers, not for funding for specific projects of their own. Small businesses are eligible applicants for this program. We are seeking applicants with knowledge and expertise in the areas of programs for housing, education, economic development, or workforce development. TA Providers can deliver an array of support and assistance to HUD grantees and subgrantees including activities such as conducting needs assessments, holding financial management trainings, or assisting with the creation of a strategic plan. TA Providers do not work independently, rather they work under the demand-response system with high involvement of HUD staff. If this program is of interest or may benefit your organization, we encourage you to check out the NOFO here and review the additional resources below for more information on the Community Compass Technical Assistance and Capacity Building Program.
More resources for applicants can be found at:
All questions regarding specific program requirements for this NOFA should be directed to communitycompass@hud.gov
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HOT: SBA Economic Injury Disaster Loans and Other Financial Resources -
This is a video recording of our 4/1/2020 web-conference meeting which contains excellent, timely information. Our thanks to David Hincapie from the SBA for all of the information and insights. Tip - the SBA segment starts about 7 minutes in to the meeting. - Protecting your finances during the Coronavirus Pandemic
- Guide to coronavirus mortgage relief options
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What you need to know about student loans and the coronavirus pandemic
Federally-held student loan payments are postponed and interest has been waived. Learn what that means for your loans. - SBA Announcement: The SBA announcement concerning disaster loans for small businesses impacted by coronavirus: https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/sba-provide-disaster-assistance-loans-small-businesses-impacted-coronavirus-covid-19
- Treasury-DOL-IRS Announcement: The Treasury-DOL-IRS announcement concerning the use of refundable payroll tax credits for paid leave costs of small and midsize businesses: https://www.irs.gov/newsroom/treasury-irs-and-labor-announce-plan-to-implement-coronavirus-related-paid-leave-for-workers-and-tax-credits-for-small-and-midsize-businesses-to-swiftly-recover-the-cost-of-providing-coronavirus
- 3/26/20 consumerfinance.gov Five federal financial regulatory agencies today issued a joint statement encouraging banks, savings associations and credit unions to offer responsible small-dollar loans to consumers and small businesses in response to COVID-19.
- 3/26/20 The U.S. Department of Education announced that all borrowers with federally-held student loans will automatically have their interest rates set to 0% for at least 60 days. Read More.
- USWCC | U.S. Women's Chamber of Commerce website
- ASBCC | The American Small Business Chamber of Commerce website
- COVID-19 Home | Return to the home page for our COVID-19 Assistance information
- Do you have a resource to submit? Please provide details here.