San Nicolas urges Guam businesses to avail of SBA offers

Guam Congressman Michael San Nicolas said these critical federal resources which comprise nearly 50% of the entire local appropriation for education will markedly improve Guam's readiness for students, faculty, staff, and administrators to restart face-to-face learning and work to fill any gaps in virtual learning, (PNC file photo)

Congressman Michael San Nicolas is urging Guam businesses to avail of assistance packages being offered by the U.S. Small Business Administration before resorting to layoffs.

“Before cutting employee hours, letting employees go, or taking any drastic measures regarding operations, I urge businesses to familiarize themselves with all of their options Congress has recently made available, including via the Small Business Administration,” San Nicolas said in a news release.

“There are options available now that could very well be combined with new options in the future to reduce the impacts not only to businesses but to their workforce and communities; the key is to be aware and informed of what these are,” San Nicolas added.

San Nicolas is advising Guam businesses to tune in to the national SBA Administration COVID-19 webinar followed by a Q&A on March 20, 2:30 pm EST (March 21, 4:30am CHST) with registration at:

SBA Administrator Jovita Carranza will discuss COVID-19’s economic impacts and the SBA’s targeted relief efforts for the nation’s small businesses in a special webinar.

Administrator Carranza and officials from the SBA’s Office of Disaster Assistance will discuss the economic relief efforts underway and resources available to small business owners.

Due to high demand, registration is urged as soon as possible.