Creating opportunities for people to live, work, & thrive on the Lower Cape
Inside Scoop - January 2021
Bringing you the latest tools to help your business.

2021 continues to bring hope. The SBA has a number of new programs to help small businesses. CDP staff is working hard to stay informed about these and other small business programs and funding opportunities. Please register for our Drop-In Q&A to learn more about these programs or contact Pam to find out more information on how they may apply to you and your business.

January's Inside Scoop:

  • New and Renewed SBA programs
  • CDP Offers Drop in Q&A on Updated/New SBA Programs
  • Cape Cod 3rd business impact survey
  • SCORE Cape Cod upcoming workshops including Cash Flow & Budgeting
  • Mass Cultural Council - Individual Artist Grants
  • Navigating the Alphabet Soup of Food Safety
  • Center for Corporate and Professional Education workshops
  • Business Legal Consults
  • CDP Business Assistance staff is here to help - Make an appointment now

As always, if there is a business topic that comes up for which you need more information or assistance, please email or call. CDP staff will help find resources to answer your questions.

Stay Well!

Update on SBA Programs

  • Seasonal businesses can pick a 12 week period in 2019 to compare to 2020
  • 60% must still go to payroll
  • There are some new uses of funds including PPE, sneeze guards and software
  • New organizations allowed including 501(c)6, and news groups
  • Accommodations and food services can get 3.5x monthly average payroll.
  • Other industries remain at 2.5x average monthly payroll.
  • Still have head count requirements and safe harbors

Tuesday January 19th banks will be able to take applications:
  • A 1st Draw is available to businesses who did not get a PPP loan in 2020.
  • A 2nd draw of PPP funding is for businesses must have exhausted their first round funding and show gross receipts reduction of 25% in one quarter of 2020.
  • There are different application requirements for the two types. Visit your bank's website for their application and requirements.

EIDL Advance Funding
If a business had PPP and EIDL funding in 2020, and their PPP forgiveness was reduced by their EIDL Advance, this will be reversed. They are still working out the process as to how this will happen.

EIDL Portal - Open until 12/31/21 - No second round is available.

Employee Retention Tax Credit (IRS website not yet updated)
  • extended 1/1/21 through 6/30/21
  • Now for 70% of wages/employee for 1st $10,000 per employee per quarter
  • Must show a 20% reduction from prior year.

SBA Debt Relief - 7a, 504 and Microloans - SBA will extend their loan payment program.

This is a new program that will be direct from the SBA; details are coming soon.
Applies to theaters, movie theaters, concert halls, museums, zoos etc.
Will start with the hardest hit
  • 1st round (1st 14 days) for those with only 10% of prior year gross receipts and <50 employees
  • 2nd round (2nd 14 days) for those with only 30% of prior year gross receipts and <50 employees
  • Future rounds (after 28 days) will allow for higher revenues

Cape Cod 3rd Business Economic Impact Survey

 The Cape Cod Commission and the Cape Cod Chamber of Commerce have issued a third Business Economic Impact Survey, continuing efforts to better understand local businesses’ needs during and after the COVID-19 pandemic. We would greatly appreciate your support in reaching as many local businesses as possible by sharing this new survey with Cape Cod business owners in your network.
The results of the first and second survey are both posted on Data Cape Cod. No individual responses will be reported. If you have any questions about the survey, please feel free to email Jennifer Clinton, Community Development Planner, at
Thank you again for your time and for helping us understand the economic impacts of the pandemic on our region.
SCORE Cape Cod continually offers workshops for small business owners in our area. Here are some that are coming up. Visit SCORE Cape Cod to see the full list of live remote sessions and the list of previously recorded webinars on a wide range of topics.

"Tips from SCORE " 2020 edition is available for free download. It provides hints, tips and techniques for owning, managing and growing a small business.

Mass Cultural Council launched a second round of financial relief for individuals whose creative practices and incomes have been adversely impacted by the COVID-19 crisis through the COVID-19 Relief Fund for Individuals.

Grants of $1,500 are available to Massachusetts individual artists and independent teaching artists/humanists/scientists who have lost income derived from their work as a direct result of COVID-19 related cancellations and closures.
Mass Cultural Council expects to award approximately 460 grants in FY21.  The application deadline is February 2, 2021 at 11:59pm (ET). Grants will be awarded by geographic region proportional to that region’s application demand. The individual grantees in each region will be randomly selected. Grants will be unrestricted.

Navigating the Alphabet Soup of Food Safety

Join the CDP and Cape Cod Cooperative Extension for this free 1-hour webinar.

Center for Corporate and Professional Education at Cape Cod Community College - is offering free training through June 30th on a variety of topics. If you would like to find out if your employer is eligible to send their employees at no-cost (highly likely), contact Danielle Dupuis, Program Coordinator, at prior to registering for this program. 

Upcoming Workshops

Drop in Q&A on COVID Relief Programs
January 26th 3-5 pm

Navigating the Alphabet Soup of Food Safety - February 8th 1pm

Business Law Legal Consults
2nd Tuesday of the Month

Individual QuickBooks Help

The CDP has micro loans up to $50,000 for small businesses on the Lower Cape. Visit our website for complete program details and eligibility requirements.

We are able to lend to businesses that have a limited credit history, are too new to obtain a bank loan or that need help developing a business plan or cash flow projections. We even work with local banks offering loan packaging to potential applicants.
The CDP offers Individual Business Guidance in a number of ways.
How can we help your business?
Individual Business Guidance

Are you self-employed, a solopreneur or a small business owner, and live or work on the Lower Cape?

The CDP offers individual business guidance for all types of businesses.

What are your business needs?

Professional Services Grants Still Available for 2020.

Many businesses are finding the need to change their business model in these turbulent times. The CDP has Grant Funds available to help business owners hire specialized consultants to quickly implement these changes whether in technology, legal or marketing.
Make an appointment to learn more and to help stabilize or grow your business.

Individual Mentoring through SCORE

SCORE offers individual mentoring across the Cape. The CDP partners with SCORE to offer mentoring on the Lower Cape. Due to COVID19 all SCORE Mentoring Session are currently being help remotely. Please register with SCORE using the link below.
The CDP's small business and technical assistance programs are made possible by the following funders:
Mass Growth Capital Corporation
USDA Rural Business Development Grant
Barnstable County Economic Development Commission
Cape Cod Foundation
Cape Cod Five Charitable Foundation Trust
Rockland Trust
TD Charitable Foundation
Santander Bank

This institution is an equal opportunity provider and employer.