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PROUDLY SERVING BERWICK, NORTH BERWICK, SOMERSWORTH, SOUTH BERWICK, ROLLINSFORD & BEYOND

SBA Updates

03/27/2020 4:47 PM | Bonnie McNair (Administrator)


We Are Here To Help Your

Small Business

Things are changing rapidly and we will be

updating you as we know more; stay tuned!

 

We here in the New Hampshire District Office want to support you during these challenging times. We have extended our business hours to accommodate the telephone and email inquiries from our small businesses until 7 pm each weekday and have office hours on Saturday from 9am to 3pm,  so please call us at 603-225-1400 or email us at NewHampshire_DO@sba.gov with any questions.  We are continuing our daily webinars each weekday at 9am and 2pm info here , and we will have virtual office hours on Saturdays at 10am and 2pm that you can access thru our Skype login  here or by calling (202) 765-1264 meeting # 522409519.

As for the news, at this point we know what you know – something big is on its way.  Each business will need to decide for itself if it wants to pursue a disaster loan application at this time or if waiting for more news is preferred.  Applying for a disaster loan will not mean a business won’t be eligible for or cannot apply for other forms of assistance once they are available; and they do not have to accept or close on any loan that is offered. 

Economic Injury Disaster Loans:

As you know, we have a state-wide declaration in effect making these loans eligible.  The online application has been revamped and is available again.  Businesses interested in applying, should visit https://disasterloan.sba.gov/ela/, click ‘Apply Online’ and follow the instructions on downloading the necessary forms and uploading them to the secure link provided.

UPDATE: The disaster loan website it’s up, it’s running and it’s accepting applications.  That’s the good news. Even better, a confirmation will appear after submitting your documents via the Box widget that the application has been received.  If you want to check in on the application status, you can call 1-800-659-2955 or email disastercustomerservice@sba.gov

Breaking News

In response to the COVID-19 National Emergency, the SBA Express Bridge Loan (EBL) Pilot Program has been modified and the term extended. The EBL Pilot Program is designed to supplement the Agency’s direct disaster loan capabilities and authorizes SBA Express Lenders to provide expedited SBA-guaranteed bridge loan financing on an emergency basis in amounts up to $25,000 for disaster-related purposes to small businesses located in communities affected by Presidentially-declared disasters while those small businesses apply for and await long-term financing (including through SBA’s direct Economic Injury Disaster Loan Program, if eligible).

Check our Lender List for SBA Express Lenders

Stay Tune for New Developments

                                         ********IMPORTANT***********

Some people are trying to scam others in SBA’s name. There is no immediate deadline for an EIDL application in fact you have until December 31, 2020 to file and it does NOT cost anything to apply, get the papers together, no credit card is needed, etc.  If you are asked for any of these STOP, do not continue it is a SCAM.

Resource Partners Assistance

Free assistance with reconstructing financial records, preparing financial statements and submitting the loan application is available from any of SBA’s partners:

Small Business Development Centers -NH SBDC
SCORE
Center for Women and Enterprise -CWE
Veteran’s Business Outreach Centers
or for more information 

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ABOUT THE FALLS CHAMBER

The Falls Chamber of Commerce is a professional association of businesses in  the falls area.  We are the catalyst that facilitates business growth , prosperity, partnership and success for our members. 

CONTACTS

Bonnie McNair, Executive Director

info@thefallschamber.com
603.749.7175
office hours by appointment: 472 High Street, Somersworth NH 03878

       

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