Supporting Your Small Business During COVID-19
The Pacific Islands SBDC Network provides free one-on-one counseling to small business owners. SBDC Business Advisors will assist small businesses in their application for EIDL, PPP, and other small business programs.
*If your business is affected by COVID-19 and would like to seek free business counseling, we have our Independent Small Business Advisors who can help you out! Click this link to see who they are and their areas of expertise!* (https://pacificsbdc.com/services/independent-small-business-advisor)
-
If you are an existing SBDC client in Guam or CNMI, please contact your current SBDC Business Advisor.
-
If you are a new, prospective client, please contact your local SBDC to request for counseling.
-
Face to face —if safe arrangements can be made—and virtual advising are available.
Reach your local SBDC:
-
Guam SBDC at 671-735-2590 / sbdc@pacificsbdc.com
-
CNMI SBDC at 670-664-3018 / cnmisbdc@pacificsbdc.com
-
Yap SBDC at 691-350-4801 / yapsbdc@pacificsbdc.com
-
Chuuk SBDC at 691-330-5846 / chuuksbdc@pacificsbdc.com
-
Kosrae SBDC at 691-370-2751 / kosraesbdc@pacificsbdc.com
-
Pohnpei SBDC at 691-320-2480 (ext. 149 or 150) / pohnpeisbdc@pacificsbdc.com
-
Palau SBDC at 680-587-6004 / palausbdc@pacificsbdc.com
SBA COVID-19 Funding Options 
- SBA Guam Lender Listing - October 2020
- SBA CNMI Lender Listing - October 2020
- Coronavirus (COVID-19): Small Business Guidance & Loan Resources
- Small Business Help with the COVID-19 Pandemic
- SBA COVID-19 Disaster Loans Comparison Sheet
- FAQ Sheet on SBA EIDL and Payroll Protection Program (PPP)
*SBA Payroll Protection Program (PPP)*
- PPP Forgiveness Factsheet
- SBA Paycheck Protection Program Fact Sheet
- Step-by-step Guide on how to apply for PPP
- U.S Department of Treasury Assistance for Small Business
- Loan Forgiveness - Tax Effects
*SBA Economic Injury Disaster Loan Program*
- Letter from SBA Disaster Customer Service Center
- Step-by-step Guide on how to fill out the SBA EIDL Loan
- Apply Now
*Guam Small Business Pandemic Assistance Grant*
Shuttered Venue Operators Grant (SVOG):
Today’s Notes...
Business Owners, Beware! If someone is charging you an excessive amount of fee putting the SBA Economic Injury Disaster Loan (EIDL) Application together, it is a SCAM!
SBDC is here to provide FREE assistance! Register is all you need to do: Request for counseling! We will send forms and guide you through this process.
SBDC is here to provide FREE assistance! Register is all you need to do: Request for counseling! We will send forms and guide you through this process.
Small Business Resources
These resources are related to COVID-19
PISBDCN Press Release:
From Your Local SBDC:
- Quick Survival Guide for Small Business during lockdown
- Quick marketing survival guide for small business during extended lock down
- COVID-19 SMBs Research
- Guam SHRM Chapter FFCRA
Tips for Small Businesses:
- Tips for Businesses during COVID-10
- Try a smart COVID-19 Risk Scanner
- Try Apple's COVID-19 Screening
Infographics and Posters for Your Workplace
- Department of Labor Coronavirus Resources
- DOL Issues Guidance on FFCRA’s Paid Parental Leave Requirements
- IRS and DOL Unveil Employer Tax Credits for Coronavirus-Related Leaves
- USDA COVID-19 Federal Rural Resource Guide
- IRS: Employee Retention Credit available for many businesses financially impacted by COVID-19
- Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly recover the cost of providing Coronavirus-related leave
- Federal Resources for U.S. Small Businesses Website
- Prevent spread from sneezing or coughing
- Wash to Protect Yourself
- Things to Avoid
- Prevent Worker Exposure
- Definitions of Signs, Symptoms, and Conditions
Useful Official Links SBA COVID-19 Funding Options - SBA Guam Lender Listing - October 2020
- SBA CNMI Lender Listing - October 2020
- Coronavirus (COVID-19): Small Business Guidance & Loan Resources
- Small Business Help with the COVID-19 Pandemic
- SBA COVID-19 Disaster Loans Comparison Sheet
- FAQ Sheet on SBA EIDL and Payroll Protection Program (PPP)
*SBA Payroll Protection Program (PPP)*
- PPP Forgiveness Factsheet
- SBA Paycheck Protection Program Fact Sheet
- Step-by-step Guide on how to apply for PPP
- U.S Department of Treasury Assistance for Small Business
- Loan Forgiveness - Tax Effects
*SBA Economic Injury Disaster Loan Program*
- Letter from SBA Disaster Customer Service Center
- Step-by-step Guide on how to fill out the SBA EIDL Loan
- Apply Now
*Guam Small Business Pandemic Assistance Grant*
Shuttered Venue Operators Grant (SVOG):
FAQs about COVID-19 and Small Businesses
Yes, for sure. We suggest contacting your local SBDC and/or request for counseling (click here).
No, the SBDC is not the same as SBA. SBDC does not make loans. However, we can provide so much other assistance to small businesses. The SBDC helps the Pacific Islands' business community by assisting in all areas of business management, including pre-venture feasibility, business plan development, marketing, record keeping, financial and human resource management, operations management, and access to capital, as well as specialized areas such as international trade and technical services.
Yes, relief and assistance for businesses is also appicable to Guam and CNMI.