Rhode Island District Office – November 4, 2022

u s small business administration

SBA Rhode Island’s DYK of the Week



Did you know that a small business can nominate themselves and submit a package to be considered for a small business award?

That’s right.  You don’t need to sit around and wait for someone else to nominate you.  Just follow the links below, fill out the required forms, and submit.  It’s that easy!  Besides, isn’t it about time your business got the recognition it deserved?

Click Here for Award Guidelines & Forms

Submit Your Completed Package Here!

SBA1208 - NVSBW Graphics_Tile

Attention Veterans!  If You Are Are Certified or Interested In Becoming Certified, You Won’t Want to Miss This!

Wednesday, November 8th | 2:00-3:00pm ET

As a veteran-owned small business, did you know that the Center for Verification and Evaluation (CVE) from the Veterans Administration to the Small Business Administration (SBA) beginning January 1, 2023?  The Veteran Small Business Certification Program will be the SBA’s primary vehicle for handling certification for veteran-owned small businesses (VOSBs) and service-disabled veteran-owned small businesses (SDVOSBs)—important classifications that enable those businesses to qualify for sole-source and set-aside federal contracting awards.

Updates in the new program will include:

  • Firms verified by the VA Center for Verification and Evaluation (CVE) as of January 1, 2023 will be automatically granted certification by SBA for the remainder of the firm’s eligibility period.
  • All firms verified by VA as of the January 1, 2023 transfer date will receive a one-year extension to their eligibility giving veterans an extra year to get recertified under the new SBA system.
  • The extension will allow SBA to process applications from new entrants into the program and grow the base of certified firms.

New applicants certified by SBA after January 1, 2023, will receive the standard three-year certification period.  Along with the recertification extension, the 2021 National Defense Authorization Act grants a one-year grace period for self-certified SDVOSBs until January 1, 2024.

SBA Associate Administrator Larry Stubblefield, head of the SBA’s Office of Veteran Business Development, will join us to discuss the upcoming migration, how the process is moving, and how this change will impact veteran-owned small businesses seeking certification.

Click Here to Register

National Entrepreneurship Month

Celebrate National Entrepreneurship Month
With Us All November Long!

This National Entrepreneurship Month, we take the time to celebrate the contributions of America’s small business owners while recognizing there is still much success to come.

America’s entrepreneurs not only contribute greatly to their local communities, but they are also drivers of the national economy as a whole. That, in and of itself, is worth celebrating. November is National Entrepreneurship Month in the U.S. It is a time to applaud the achievements of the small business community. But it is also an opportunity to position current and future small business owners for success in the years ahead. That is the mission of the SBA. We offer a variety of resources that entrepreneurs can leverage to help them start and grow their businesses.

Click Here to Learn More

SBA-Guaranteed Loans

SBA Proposes New Rules for 7(a) and 504
Loan Programs:  Seeks Public Opinions by Dec. 27

The SBA has published a Notice of Proposed Rulemaking on Affiliation and Lending Criteria for the SBA Business Loan Programs.  The Notice will affect both the 7(a) and 504 loan programs, and the agency is looking for public comments from both SBA lenders and small businesses.

Click the link below to read the full Notice in the Federal Register.

Click Here to Read Full Notice

twitter logo

Follow us on Twitter: @SBA_RhodeIsland