SBA – South Florida District Office  – September 2020

South Florida District Office  – September 2020

Dear Small Business Owners,

As we enter September, National Preparedness Month and the fourth and historically most active month of the Atlantic Hurricane Season, it is important to be prepared not only for your home but for your business, too.   If you missed our presentations on Hurricane Preparedness, please visit our YouTube channel to catch those episodes. Two invaluable websites for disaster preparation and continuity planning are: and

We recently began our SBA Campaign, a three-part series of webinars to arm you with the resources available to you through SBA and our network of Resource Partners.  Part 1 starts with a 6-week series – Close, Survive or Thrive – The Small Business Challenge Today conducted with SCORE which will help you strategize and pivot away from the adverse effects of COVID and toward business success. This series is underway and occurs every Monday from noon-1pm ET.  Please click here to register. Starting in October, Part 2 of the SBA Campaign will continue on Mondays and will highlight the SBA’s multiple programs and services. Finally, Part 3 will offer an in-depth look at the 4 Pillars of SBA: Capital, Consulting/Training, Government Contracting, and Disaster Recovery.  We hope you will take advantage of all the programs and services SBA offers to help you start, grow, and succeed in business.

National Minority Enterprise Development Week is September 13 – 19th this year.  Since 1969, the U.S. Department of Commerce Minority Business Development Agency (MBDA) has been instrumental in fostering the growth and global competitiveness of the Nation’s minority-owned businesses. MED Week celebrates the achievements and economic contributions of minority-owned firms to our nation’s economy.  To nominate an outstanding firm and to find out more information, please visit 

Finally, Hispanic Heritage Month–which takes place mid-September through mid-October–is an annual celebration of the accomplishments of Hispanics who have positively influenced and enriched American culture, society, and our great nation.  Please visit our YouTube channel for valuable content in English and Spanish, including presentations on Hurricane Preparedness! 

We have so much to share with you.  Feel free to email us at and visit our website:

Wishing you prosperity in business and… FELICIDADES!

Victoria Guerrero

National Preparedness Month is recognized each September to promote family, community and business disaster planning now and throughout the year. As our nation continues to respond to COVID-19, hurricanes and wildfires, there is no better time to be prepared than NOW.

Learn more

Feds Exceeds Contracting Goals by Awarding Record-Breaking $132.9 Billion to Small Businesses

The SBA recently announced that for fiscal year 2019, the federal government exceeded its small business contracting goal by 26.50%, adding a record-breaking one million jobs the American economy!  Small businesses were awarded 26.5% of federal contracts worth approximately $132.9 billion—an over $12 billion increase from the previous fiscal year—and $90.7 billion in subcontract awards.  And, the Fiscal Year 2019 Small Business Federal Procurement Scorecard marks the second time in Scorecard history that federal agencies have met the 5% women-owned small business contracting goal.  Overall, the federal government earned an “A” on this year’s government-wide Scorecard.     

Locally, the 2019 government contracting numbers in the SBA South Florida District were strong, outpacing the national goal numbers in the categories of small business, small disadvantaged business and service-disabled veteran owned small business.  The Department of Defense led the way with 76% of all contracts awarded in the South Florida District. 

Please visit for more information on the programs and services provided by the SBA to assist you in entering or working in the federal marketplace.

Paycheck Protection Program Updates

Top three most popular questions an danswers on PPP loan forgiveness:

Do I apply for forgiveness to the SBA or to the lender?

• Your financial institution is the lender of record and made your PPP loan. The SBA is the federal government agency that guaranteed your PPP loan.  Therefore, you must seek guidance from your lender and submit all forgiveness applications directly to your lender. Your lender has 60 days to review the application and forward your application to the SBA.  SBA will review it and advise the lender how much of your loan is forgiven.  If it is totally forgiven, your lender will let you know.  If any portion is not forgiven, the lender will advise you about how much of the loan you must pay, how to pay it and when to pay it.

Should I rush to apply for forgiveness now or wait until my lender begins accepting applications?

• Wait until your financial institution informs you they are ready to accept the PPP Loan Forgiveness applications. Many lenders are creating their own equivalent forms or developing an online portal for you to submit your application. Remember that the Flexibility Act provides that a borrower has within ten months after the last day of the covered period to apply for forgiveness.  Also the Flexibility Act extended the length of the covered period as defined in the CARES Act from 8 weeks to 24 weeks.

When can I use the EZ form 3508?

You can use the EZ form IF:

1 You are self-employed and do not have any employees.

2 You did not reduce employee hours or did not reduce employee salaries or wages by more than 25%.

3 You experienced reductions in business activity as a result of health directives related to COVID and you did not reduce the salaries/wages of your employees by more than 25%.

Strategic Alliance Memorandum w/ Florida Memorial University

MIAMI – The South Florida District Office virtually signed a Strategic Alliance Memorandum with Florida Memorial University as part of SBA’s ongoing outreach and partnership with Historically Black Colleges and Universities. 

This SAM serves to foster a collaborative partnership between SBA and Florida Memorial in an effort to support small business development and growth, and to assist with the University’s career readiness initiatives for students by helping them develop their own entrepreneurial opportunities.

(Top, clockwise) Victoria Guerrero, SFDO district director; Althea Harris, SFDO supervisory outreach and marketing specialist; William McCormick, chairman of FMU Board of Trustees; Dr. Rosalie Payne, FMU associate professor of management; and Dr. Jaffus Hardrick, FMU president.

SBA South Florida District Office

51 SW 1st Ave., Suite 201

Miami, Florida 33130 

Phone: 305.536.5521


Twitter: @SBA_SouthFL


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All SBA programs and services are provided on a nondiscriminatory basis. Reasonable accommodations will be made if requested at least two weeks in advance

This email was sent to by Small Business Administration (SBA) · 409 3rd St, SW · Washington DC 20416 · 1-800-827-5722

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