CMC Newsletter- Boosting Team Morale!

Chamber Connections

February 26, 2021

SBA Prioritizes Smallest of

Small Businesses in the PPP

The Biden-Harris Administration and the U.S. Small Business Administration are taking steps with the Paycheck Protection Program to further promote equitable relief for America’s mom-and-pop businesses.

These simple progressive steps by the Biden-Harris Administration further demonstrate the commitment to racial and gender equity, reaching low and moderate-income, rural, urban, and other underserved areas. The SBA will:

Establish a 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees
Allow sole proprietors, independent contractors, and self-employed individuals to receive more financial support by revising the PPP’s funding formula for these categories of applicants
Eliminate an exclusionary restriction on PPP access for small business owners with prior non-fraud felony convictions, consistent with a bipartisan congressional proposal
Eliminate PPP access restrictions on small business owners who have struggled to make federal student loan payments by eliminating federal student loan debt delinquency and default as disqualifiers to participating in the PPP; and
Ensure access for non-citizen small business owners who are lawful U.S. residents by clarifying that they may use Individual Taxpayer Identification Number (ITIN) to apply for the PPP.

These actions will help to lay the foundation for a robust and equitable recovery for small businesses across the country. Small businesses employ nearly half of the American workforce; they create 2 out of 3 net new private-sector jobs; they reinvest 68% of revenues to build and sustain communities. Borrowers can apply for the Paycheck Protection Program by downloading the First Draw PPP loan application or Second Draw PPP loan application and working with a participating PPP lender through the SBA Lender Match tool.

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Central Maryland Classic Golf Tournament is BACK!

Reserve your sponsorship TODAY!

Maryland RELIEF Act - Provides More Than $1 Billion in Targeted Tax Relief and Economic Stimulus for Families and Small Businesses

The RELIEF Act of 2021, as enacted by the Maryland General Assembly and signed into law by the Governor, provides direct stimulus payments to qualifying Marylanders, unemployment insurance grants to qualifying Marylanders, and grants and loans to qualifying small businesses. This webpage provides information on payment eligibility and additional information regarding the Comptroller of Maryland's execution of the RELIEF Act.

One Page Summary

Additional Information

Interested in sponsoring our mixer? Get in touch with us here!

Small Businesses Seminar

The Platinum Rule and Increasing your Sales

What is the Platinum Rule? How can temperaments and the Platinum Rule lead to expanded and successful sales? Using DiSC as the temperament instrument to identify personality types, Patrick will explain how the success of sales can ultimately depend upon communicating properly to your prospect’s style and type. Sales don’t just depend upon relationships and/or delivering a comprehensive understanding of the service/product, it also depends upon communication. If your prospect understands how what you’re selling answers their motivations, they are far more likely to buy and be satisfied with the end result.

Patrick Lee is a serial entrepreneur. He has started multiple businesses and his most prominent claim to fame is the Eastern Veterinary Blood Bank. The EVBB started the industry of veterinary blood banking in the US. Patrick is currently President and Partner at the Chesapeake Think Tank and CEO of the Spark Business Institute. Both businesses work to further the success of Main Street businesses everywhere, by providing guidance, advice, and tools that are specifically geared to assist the small business owner. Patrick and the CTT team stand ready to assist every business owner in finding the surest path to achieving their vision.

Applications being accepted until March 5!

Central Maryland Chamber's

"Open for Business" Campaign

It is now more important than ever to show support for our small and local businesses in the Central Maryland region. The CMC's "Open for Business" campaign encourages local restaurants and businesses to fill out a short survey giving more information to the public. The survey will address whether a restaurant or business will continue to stay open, offer takeout or delivery, and if gift cards may be available for purchase.