Webinar

The Small Business Development Center is offering several webinars and small business assistance updates:

Cyber Security

A Cyber Security and Your Business webinar will be held from 11 a.m. to 1 p.m, Wednesday, Aug. 19. The registration deadline is 8 a.m., Aug. 19. There is no fee.

Are you keeping up with your businesses cyber security needs? This seminar will cover areas that need and should be addressed to meet the requirements of NIST 800-171. You will receive a Zoom invite on Aug. 18. These best practices are for all business owners, not just government contractors.

Start a business

A webinar on How to Start a Business in Valencia, Socorro, and Torrance counties will be held from 11:30 a.m. to 1 p.m. on Wednesday, Sept. 2. The registration deadline is noo on Aug. 28. There is no fee.

Learn the basic steps every person should know to start their first business, and learn how the Small Business Development Center can assist you. Confirm your registration with Zoom by visiting zoom.us/webinar/register/WN_6MwkQK6_T8GJjCtCYYirWg. This will provide you with the direct Zoom link and webinar reminders.

Payroll Protection Program

Lenders are no longer accepting Payroll Protection Program applications. They may have another round of funding, but legislation is still being debated.

Disaster loans

Economic Injury Disaster Loan Applications are still open and you can learn more by visiting sba.gov/page/disaster-loan-applications. Note that the advances of $1,000 per employee are no longer available, but you can still request a loan. These are very low interest loans, with flexible terms, administered directly through the Small Business Administration.

Recovery Loan Fund

The New Mexico Finance Authority is now accepting applications for the NM Recovery Loan Fund. Visit nmfinance.com/programs/small-business-recovery-loan-fund/ for more information or to apply.

These loans are available at very low interest, and are available to those businesses that can prove a 30 percent decline in sales in April and May 2020, compared to April and May 2019, from your federal tax return. No negative credit history, in 2019 for phone service, rent, mortgage, or utilities.

Resource guide

The 2020 New Mexico District SBA Resource Guide is available at sba.gov/sites/default/files/2020-08/SBA-NM_20-508.pdf.

Take a look at this guide for funding opportunities and insights into the assistance available to you.

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