Small Business Issues During the Covid-19 Pandemic

✍ Scribed by Clovis Lalonde

Publisher: Nova Science Pub Inc
Year: 2020
Tongue: English
Leaves: 396
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

The Small Business Administration (SBA) administers several types of programs to support small businesses, including loan guaranty and venture capital programs to enhance small business access to capital; contracting programs to increase small business opportunities in federal contracting; direct loan programs for businesses, homeowners, and renters to assist their recovery from natural disasters; and small business management and technical assistance training programs to assist business formation and expansion. This has grown especially acute in recent months due to the widespread, adverse impact of the novel coronavirus (COVID-19) pandemic on the national economy. This book looks at some of the issues small businesses may face during the pandemic.

✦ Table of Contents

Contents
Preface
Chapter 1
Small Business Administration: A Primer on Programs and Funding (Updated) (
Abstract
Introduction
Entrepreneurial Development Programs
Capital Access Programs
Overview
What Is a Small Business?
What Is Small?
Loan Guarantees
Overview
7(a) Loan Guaranty Program
Variations on the 7(a) Program
Special Purpose Loan Guaranty Programs
Community Adjustment and Investment Program
Employee Trusts
Pollution Control
CAPLines
The 504/CDC Loan Guaranty Program
International Trade and Export Promotion Programs
The Microloan Program
Paycheck Protection Program
Disaster Loans
Overview
Types of Disaster Loans
Disaster Loans to Homeowners, Renters, and Personal Property Owners
Personal Property Loans
Real Property Loans
Disaster Loans to Businesses and Nonprofit Organizations
Physical Disaster Loan
Economic Injury Disaster Loans
Contracting Programs
Prime Contracting Programs
Subcontracting Programs for Small Disadvantaged Businesses
The 7(j) Management and Technical Assistance Program
Surety Bond Guarantee Program
Goaling Program
Office of Small and Disadvantaged Business Utilization
Regional and District Offices
Office of Inspector General
Capital Investment Programs
The Small Business Investment Company Program
New Market Venture Capital Program
Small Business Innovation Research Program
Small Business Technology Transfer Program
Growth Accelerator Initiative
Office of Advocacy
Executive Direction Programs
The National Women’s Business Council
Office of Ombudsman
Faith-Based Initiatives
Legislative Activity
Appropriations
Chapter 2
Small Business Administration (SBA) Funding: Overview and Recent Trends (Updated)(
Abstract
Introduction
SBA Funding Trends: FY2000-FY2020
SBA Funding within the Other Programs Category
Salaries and Expenses
Business Loan Administration
Office of Inspector General
Office of Advocacy
Entrepreneurial Development Noncredit Programs
Small Business Development Centers
Microloan Technical Assistance Program
Women Business Centers
The Women’s Business Center (WBC) Renewable Grant Program Was Initially Established by
SCORE
Program for Investment in Microentrepreneurs
Veterans Programs
7(j) Technical Assistance Program
Native American Outreach Program
National Women’s Business Council
HUBZone Administration
The Entrepreneurial Development Initiative (Regional Innovation Clusters)
Entrepreneurship Education Initiative
Growth Accelerator Initiative
Appendix. SBA Appropriations, FY1954-FY1999
Chapter 3
Small Business Management and Technical Assistance Training Programs (Updated)(
Abstract
Federal Management and Technical Assistance Training Programs
SBA Management and Technical Assistance Training Programs
Small Business Development Centers
Legislation
Microloan Technical Assistance Program
Legislation
Women’s Business Centers
Legislation
Veterans Business Development Programs
Legislation
SCORE (Service Corps of Retired Executives)
Legislation
Program for Investment in Micro-entrepreneurs (PRIME)
7(j) Management and Technical Assistance Program
Native American Outreach Program
SBA Initiatives
Entrepreneurial Development Initiative (Regional Innovation Clusters)
Entrepreneurial Education
Growth Accelerators
Department of Commerce Small Business Management and Technical Assistance Training Programs
The Minority Business Development Agency
The EDA Local Technical Assistance Program
Congressional Issues
Program Administration
Program Evaluation
Conclusion
Appendix. Brief Descriptions of SBA Management and Technical Assistance Training Programs
Chapter 4
Small Business Administration and Job Creation (Updated)(
Abstract
Small Business and Net Job Creation
Economic Research on Net Job Creation
Small and Large Business Employment
Job Growth and Opening/Startup Establishments
Job Growth and Small Establishments
The Role of Small Business and Startups in Net Job Creation
The Role of Surviving Startups in Net Job Creation
The Role of High-Impact Businesses in Net Job Creation
The Role of High-Technology Firms in Net Job Creation
Summary Discussion
Implications for Congress and the SBA
Using Net Job Creation to Measure SBA Program Performance
Using Net Job Creation to Target SBA Assistance
Concluding Observations
Chapter 5
Small Business Administration Microloan Program (Updated)(
Abstract
Small Business Microloans and Training Assistance
The SBA Microloan Program: Funding, Eligibility Standards, Program Requirements, and Statistics
Funding
Intermediary Microloan Lender Eligibility Standards
Intermediary Microloan Lender Program Requirements
Intermediary Marketing, Management, and Technical Training Assistance
Nonlending Technical Assistance Providers
Microloan Borrower Eligibility Standards
Microloan Borrower Program Requirements
Microloan Program Statistics
Congressional Issues
Program Duplication
Program Cost
Program Administration
Legislation
Conclusion
Appendix. Microloan Technical Assistance Program Funding
Chapter 6
COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options*
Abstract
Introduction
Disaster Loans
Overview
Types of Disaster Loans
Economic Injury Disaster Loans
Initial EIDL Response to COVID-19
EIDL Funding
Surge Issues and Loan Processing Times
Expedited Disaster Loans and Bridge Loans
SBA EIDL Repayment and Forgiveness
Disaster Grants
SBA EIDL Interest Rates
SBA Capital Access Programs
Overview
What Is a “Small Business”?
What is “Small”?
SBA Loan Guarantee Programs
Overview
7(a) Loan Guaranty Program
The 504/CDC Loan Guaranty Program
504/CDC Refinancing Program
The Microloan Program
SBA Loan Enhancements to Address the Great Recession
Current Issues, Debates, and Lessons Learned
SBA Entrepreneurial Development Programs
Overview
Small Business Development Centers
Microloan Technical Assistance
Women’s Business Centers
SCORE (Formerly the Service Corps of Retired Executives)
Current Issues, Debates and Lessons Learned
SBA Contracting Programs
Overview
8(a) Program
Historically Underutilized Business Zone Program
Service-Disabled Veteran-Owned Small Business Program
Women-Owned Small Business Program
SBA Surety Bond Program
Current Issues, Debates and Lessons Learned
Concluding Observations
Appendix. Major Provisions of the CARES Act, the Paycheck Protection Program and Health Care Enhancement Act, and the HEROES Act
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act; P.L. 116-136)
The Paycheck Protection Program and Health Care Enhancement Act (P.L. 116-139)
The Health and Economic Recovery Omnibus Emergency Solutions Act (HEROES Act; H.R. 6800)
Chapter 7
Business Interruption Insurance and COVID-19: State Legislative Initiatives(
Insurers Reimbursed for Paying BI Claims for Policies with Virus Exclusions
Insurers Reimbursed for Paying BI Claims for Policies with Virus Exclusions or Requirement for Evidence of Physical Damage
Insurers Not Reimbursed for Paying BI Claims
Business Interruption Claims Paid by the State
Chapter 8
SBA Paycheck Protection Program (PPP) Loan Forgiveness: In Brief(
PPP Forgiveness Provisions and Process
Forgiveness Application Process
Payroll Costs
Nonpayroll Costs
Reductions in Forgiveness
Calculating Full-Time Equivalent Employees
Calculating Salaries and Wages
Paycheck Protection Program Flexibility Act (H.R. 7010)
Increasing the Covered Period and Delaying the Rehiring Deadline
Increasing the Cap on Nonpayroll Expenses
Chapter 9
SBA’s Paycheck Protection Program (PPP) Loans and Self-Employed Individuals(
Eligibility
Loan Amount Calculation
Use of PPP Loan Proceeds
PPP Loan Forgiveness
Chapter 10
SBA EIDL and Emergency EIDL Grants for COVID-19(
EIDL Overview
EIDL Eligibility
Emergency EIDL Grants
EIDL and PPP
Chapter 11
SBA EIDL and Emergency EIDL Grants: Data by State(
EIDL Overview
EIDL Eligibility
Emergency EIDL Grants
Index
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