Even though much of the pandemic-related aid has ended, there are other options for you.

Since the onset of the coronavirus (COVID-19) pandemic, business owners across the country have become increasingly aware of all that the Small Business Administration (SBA) has to offer. You are probably most familiar with Paycheck Protection Program (PPP) loans and COVID-19 Economic Disaster Loans (EIDLs), which have been widely discussed and used during the pandemic.

While these loans were important, I also encourage you to familiarize yourself with the SBA’s flagship programs, the 7(a) and the 504. In addition to that, here are a few other SBA programs you could take advantage of. Here are a few that I find most useful:

Disadvantaged Small Business Program. Small businesses that are at least 51% owned and operated by socially and economically disadvantaged people are eligible to receive approximately $50 billion in federal contract dollars each year.

According to the SBA, socially disadvantaged people “are those who have experienced racial or ethnic prejudice or cultural bias within American society because of their identity as members of groups and without regard to their individual qualities. The social disadvantage must arise from circumstances beyond their control.

There is no set definition for what the government considers “economically disadvantaged”, but they ask you to fill out forms to describe your economic situation.

Veterans Assistance Programs. Like the Disadvantaged Small Business Program discussed above, the Veterans Assistance Program allocates a specific amount of federal contract dollars to 51% or more veteran-owned businesses, but also allows them to purchase surplus assets to the government. The property must be used for the “normal conduct” of business activities and not for personal use.

There is also a Disabled Veteran-Owned Small Business Program under which the government allocates about three percent of federal contract dollars each year. This program specifies that the veteran’s disability must be service-related. In addition, the disabled veteran must participate in long-term decision-making and the management of day-to-day operations.

Federal Women-Owned Small Business Contracting Program. About five percent of all federal contract dollars are allocated to women-owned small businesses each year. Additionally, there are other contracts available in sectors where women-owned businesses are considered underrepresented. For businesses owned by economically disadvantaged women, there are even more contracts specifically for them.

As with other programs, 51% must be owned and operated by female US citizens, managing day-to-day operations and making long-term decisions. The government specifies for women-owned businesses what makes them economically disadvantaged. The woman(s) who each own or control 51% or more of the business must have:

1. Personal net worth less than $750,000.

2. $350,000 or less of average adjusted gross income over the previous three years.

3. $6 million or less in personal assets.

It’s important for small business owners to understand that while much of the pandemic relief has ended, there are other options for you. It should also be noted that you can compete for multiple contract awards under all socio-economic programs for which you are eligible.

To learn more about eligibility and application requirements, visit sba.gov or visit a small business development center in your area.

Ami Kassar is the founder and CEO of MultiFunding, a Philadelphia-based consulting firm that specializes in helping business owners across the United States develop creative and cost-effective alternatives for their business needs and structure. indebtedness. He can be reached at [email protected] or multifunding.com.