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COVID-19: SMALL BUSINESS NEWS & UPDATES |
A MESSAGE TO SUPPLIERS FOR PERSONAL PROTECTION EQUIPMENT FEMA has posted an open solicitation which all companies interested in sourcing PPE supplies or equipment to DHS, for more information about the solicitation posted on SAM.GOV |
Federal manufacturing program seeks applicants for projects in response to COVID-19 pandemic | New program where SBA will forgive the portion of the loans used for payroll, rent, utilities, etc. if all employees are kept on payroll for eight weeks. FINANCIAL ASSISTANCE Due to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are currently eligible to apply for a loan advance of up to $10,000. The SBA provides a debt relief to small businesses as they overcome the challenges created by this health crisis. SBA Disaster AssistanceSBA Disaster Loan Assistance SBA Disaster Loan Application SBA Small Business Guidance & Loan Resources |
Senators Rubio, Cruz and Scott have introduced a bill to expand PPP eligibility to Chambers of Commerce that are 501(c)(6)’s and destination marketing organizations. Read the press release here and the bill text here. The Department of the Treasury announced that SBA will begin to disclose data on the recipients of Paycheck Protection Program (PPP) loans. Read SBC Ranking Member Cardin’s (D-MD) statement on it here. |
REVISED APPLICATION FORMS Simplified Loan Forgiveness Form: Form 3508EZ Standard Loan Forgivness Form: Form 3508 PPP Application Form: borrowers PPP Application Form: lenders | PAYMENT PROTECTION PROGRAM FAQ |
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