Small Business Administration Updates

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Washington Watch

Small Business Administration Updates

Mar 25, 2022
EIDL Deferment
The SBA Administrator recently announced additional deferment of principal and interest payments for existing COVID Economic Injury Disaster Loan (EIDL) program Borrowers for 30 months deferment from inception on all approved COVID EIDL loans. The Administrator believes the extended deferment period will provide additional flexibility to small business owners impacted by the pandemic, especially those in hard-hit sectors managing disruption with recent variants and current supply chain and inflation challenges amid a growing economic recovery.

Save the Date- National Small Business Week
The SBA announced that National Small Business Week (NSBW): Building a Better America Through Entrepreneurship will take place May 1-7, 2022.

NASE Opposes SHOP SAFE
NASE joined an expansive coalition in opposing “SHOP SAFE” provision included in the House “COMPETES BILL”.

This follows NASE's active advocacy in the spring 2021 to support efforts in the Senate to revise the INFORM Act that was ultimately successful and included in the USICA legislation passed by the Senate.

NASE believes that the INFORM Act changes address the concerns that supporters of the SHOP SAFE Act believe are important to ensure a competitive, international landscape, without harming small businesses that leverage online platforms.

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Courtesy of NASE.org
https://www.nase.org/about-us/nase-publications/washington-watch/washington-watch/2022/03/25/small-business-administration-updates