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On March 24, the SBA announced it would be increasing the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program. Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program to up to 24-months of economic injury with a maximum loan amount of $500,000.

Businesses that receive a loan subject to the current limits do not need to submit a request for an increase at this time. SBA will reach out directly via email and provide more details about how businesses can request an increase closer to the April 6 implementation date. Any new loan applications and any loans in-process when the new loan limits are implemented will automatically be considered for loans covering 24 months of economic injury up to a maximum of $500,000.

Read the full report here.

Please see below information from SBA regarding an upcoming live virtual event:

"On behalf of the Office of Entrepreneurial Development (OED) Team, we are energized and pleased to invite you to a TEAMS Live Event featuring Administrator Isabella Casillas Guzman. This program is open only to existing SBA Resource Partners. It will take place on Wednesday, March 31, 2021, at 3:00 PM EST. 

At OED, we stand committed in providing opportunities for you to hear directly from our SBA leadership on Agency priorities, programs and initiatives focused on supporting small businesses."

TEAMS Link: SBA Resource Partners Call with SBA Administrator

DATE: Wednesday, March 31, 2021

TIME: 3:00 PM EST

With this upcoming month being National Volunteer Month, now would be a great time to repost your VolunteerMatch Opportunities.

By utilizing the one-click reposting tool, your chapter’s volunteer opportunity will jump to the top of the search results and gain higher visibility by users.

Newer volunteer opportunities are posted at the top of the list by default. By reposting your chapter’s opportunities, potential volunteers will see your opportunities first without having to scroll through pages of different options.

To repost an active opportunity, click the circular arrow icon in the Repost column.

Visit the newly-branded SCORE for Women Entrepreneurs landing page at score.org/women-entrepreneurs where you can find resources tailored to women business leaders with the new SCORE for All branding. Chapters can feature this landing page on their websites using the following URL format: chaptername.score.org/women-entrepreneurs.

A Women in History Constant Contact template has been loaded into all chapter accounts as well. This template can be sent with the included content, or chapters can ‘localize’ the email with specialized content from the chapter. Additional resources regarding SCORE for Women Entrepreneurs can be found within the Field Marketing Editorial Calendar.