Chairwoman, Committee on Small Business
Nydia M. Velázquez
The sections include:
- Modifications to Paycheck Protection Program.
- Targeted EIDL Advance
- Restaurant Revitalization Fund
- Community Navigator Pilot Program
- Shuttered Venue Operators
Title V: Small Business Provisions
Section 5001: Modifications to Paycheck Protection Program.
Eligibility of Certain Nonprofit Entities
• Expands eligibility to the additional non-profits listed in Section 501(c) of the Internal
Revenue Code to receive an initial Paycheck Protection Program (PPP), except for
501(c)(4) organizations, provided that:
o The organization does not receive more than 15 percent of receipts from lobbying
activities;
o The lobbying activities do not comprise more than 15 percent of activities;
o The cost of lobbying activities of the organization did not exceed $1,000,000
during the most recent tax year that ended prior to February 15, 2020; and
o The organization employs not more than 300 employees.
• Newly eligible entities may take out second draw PPP loans, provided that they have
suffered at least a 25 percent revenue loss and employ not more than 300 employees.
Eligibility of Internet Publishing Organizations
• Makes eligible for PPP internet-only news and periodical publishers with more than one
physical location, as long as the business has not more than 500 employees per physical location or the applicable SBA size standard, if the organization certifies it is an internetonly news or periodical publisher and that the loan will support locally focused or
emergency information.
• Waives affiliation rules for internet-only news and periodical publishers, as long as the
organization has not more than 500 employees per physical location or the applicable
SBA size standard.
• Waives the prohibition against publicly-traded internet-only news and periodical
publishers from being eligible if the business certifies that the loan will support locally
focused or emergency content.
Commitment Authority and Appropriations.
• Provides an additional $7.25 billion for PPP.
• Increases the PPP program level from $806.4 billion to $813.7 billion.
Section 5002: Targeted EIDL Advance
• Provides an additional $15 billion for the Targeted Economic Injury Disaster Loan
(EIDL) Advance program and directs SBA to address any potential funding shortfalls in
the first 28 days after enactment to ensure that remaining eligible businesses can access
the $10,000 grant.
• Directs SBA to make any remaining funding available for supplemental grants to
“severely impacted” small businesses that:
o Have suffered a loss of at least 50 percent;
o Are located in a low-income census tract as defined by section 45D(e) of the
Internal Revenue Code; and
o Have ten employees or fewer.
Section 5003: Restaurant Revitalization Fund
• Provides $28.6 billion for a new program at the SBA offering assistance to restaurants
and other food and drinking establishments.
o $5 billion of this amount is set aside for businesses with less than $500,000 in
2019 annual revenue.
• Grants are available for up to $10 million per entity, with a limitation of $5 million per
physical location. Entities are limited to 20 locations.
• Grants are calculated by subtracting 2020 revenue from 2019 revenue.
o During the first 21 days, applications from restaurants owned and operated
controlled by women, veterans, or socially and economically disadvantaged
individuals will receive priority.
• Grants may be used for a wide variety of expenses, including payroll, mortgage, rent,
utilities, supplies, food and beverage expenses, paid sick leave, and operational expenses.
Section 5004: Community Navigator Pilot Program
• Establishes the Community Navigator pilot program to increase the awareness of and
participation in COVID-19 relief programs for business owners currently lacking access,
with priority for businesses owned by socially and economically disadvantaged
individuals, women, and veterans.
• Provides $100 million for community navigator grants and $75 million for outreach and
education.
• Allows for grants to, or contracts or cooperative agreements with, private nonprofit
organizations, SBA resource partners (Small Business Development Centers (SBDCs),
Women’s Business Centers (WBCs), SCORE chapters), States, Tribes, and units of local
government to ensure the delivery of free community navigator services to current or
prospective owners of eligible businesses in order to improve access to assistance
programs and resources made available because of the COVID–19 pandemic by Federal,
State, Tribal, and local entities.
• Promotes outreach and education of the navigator services and COVID-19 assistance by:
o conducting outreach and education, in the 10 most commonly spoken languages
in the United States;
o improving the website of the SBA to describe such community navigator services
and other Federal programs;
o implementing an education campaign by advertising in media targeted to current
or prospective owners of eligible businesses; and
o establishing a telephone hotline to offer information about Federal programs to
assist eligible businesses and offer referral services to resource partners,
community navigators, potential lenders and other appropriate experts.
• Authorizes the pilot program through December 31, 2025.
Section 5005: Shuttered Venue Operators
• Provides an additional $1.25 billion for the SBA Shuttered Venue Operators Grant
Program, including a set aside for technical assistance to help entities apply for grants.
• Allows eligible entities to access both the Shuttered Venue Operators Grant and PPP due
to the Shuttered Venue Operators Grant program delay.
Section 5006: Direct Appropriations.
• Provides $840 million for administrative costs to prevent, prepare and respond to the
COVID–19 pandemic, including expenses related to PPP, aid to Venues, and grants to
restaurants.
• Provides $460 million for the disaster loan program, of which $70 million is for the cost
of direct loans and $390 million is for administrative costs.
• Provides $25 million for SBA’s Office of Inspector General for oversight, to remain
available until expended.
from:
Roberto Gama | Senior Field Deputy
Congressman Jimmy Gomez (CA-34)
350 S. Bixel Street, Ste. 120
Los Angeles, C.A. 90017
Tel: 213-481-1425
Fax: 213-481-1427
Please feel free to share with your friends and feel free to reach him if you have any questions he may be able to answer.
