Priority Groups are small business owned by at least 51% women, veterans, or socially/economically disadvantaged individuals. It should be noted however, for the first 21 days of the application cycle, the SBA but will only fund and prioritize “priority groups”. The SBA approximates a 14-day processing turn-around time for applications. Once the portal is available, all eligible entities may apply, regardless of business size or ownership status. The SBA has not announced when the application will be open to the public. For businesses who opened in 2020, the Applicant’s original business model should have contemplated at least 33.00% of gross receipts in onsite sales to the public.
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