The banks-managed SBA disaster loan program, the Paycheck Protection Program (PPP), was to expire June 30th. In reality, most lenders had already closed their application windows already, to have tome to process the applications.The PPP is a low-cost, forgivable loan program for employers and self-employed to pay for payroll and other expenses, covering 2 1/2 […]
To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today.“The SBA is strongly committed to working around the clock, providing dedicated emergency assistance to the small businesses and […]
From the SBA Dallas/Ft. Worth District Office: Paycheck Protection Program (PPP)Deadline for Loan Approval is June 30th Find a Lender Now!There is still time to apply, but hurry! Find a Lender for the PPP right away if you have not done so already. The deadline for SBA to approve the guarantee on PPP loans submitted by […]
May 31, 2020House Passes PPP Loan Forgiveness Bill, Treasury Issues Harsh Forgiveness Regulations—What You Need To Know June 3, 2020, 7:02 pmSenate passes bill lengthening coronavirus small-business loan terms PPP forgiveness changes coming as Senate passes House bill The Senate approval sends the House bill, called the Paycheck Protection Flexibility Act, to President Donald Trump, […]
Governor Abbott Issues Executive Order To Expand Openings Of Certain Businesses and Activities May 6, 2020 | Austin, Texas | Proclamation WHEREAS, I, Greg Abbott, Governor of Texas, issued a disaster proclamation on March 13, 2020, certifying under Section 418.014 of the Texas Government Code that the novel coronavirus (COVID-19) poses an imminent threat of […]
Governor Abbott Announces Phase One To Open Texas, Establishes Statewide Minimum Standard Health Protocols April 27, 2020 | Austin, Texas | Press Release Creates Statewide Contact Tracing Program Issues Special Guidance For Texans Over 65, Nursing Homes Governor Greg Abbott today announced the first phase of the State of Texas’ ongoing plan to safely and […]
SBA to Make Economic Injury Disaster Loans Available to U.S. Agricultural Businesses Impacted by COVID-19 Pandemic Release Date: Monday, May 4, 2020 Release Number: 20-38 Contact: Press_Office@sba.gov, (202) 205-7036 WASHINGTON – U.S. Small Business Administration Administrator Jovita Carranza announced today that agricultural businesses are now eligible for SBA’s Economic Injury Disaster Loan (EIDL) and EIDL […]
from SBA.gov: Notice: New Eligibility for Economic Injury Disaster Loan and Advance Eligible agricultural businesses may apply for the Loan Advance here. In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories were able to apply for an Economic Injury Disaster Loan advance of up to $10,000. […]
Clients have applied and are now being approved for and receiving PPP Loan funds. Now what? There are a lot of details to pay attention to and rules to follow. This is an interesting article on forbes.com written by Tony Nitti / Senior Contributor, titled Ten Things We Need To Know About Paycheck Protection Program […]
https://www.usda.gov/media/press-releases/2020/05/04/secretary-perdue-statement-economic-injury-disaster-loans-being Secretary Perdue Statement on Economic Injury Disaster Loans Being Available to U.S. Agricultural Businesses Impacted by COVID-19 Pandemic Release & Contact Info Statement Release No. 0239.20 Contact: USDA PressEmail: press@oc.usda.gov WASHINGTON, D.C., May 4, 2020 – U.S. Department of Agriculture Secretary Sonny Perdue today applauded the announcement that agricultural producers, for the first time, […]
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