If you haven't heard, Sunday night
President Trump signed into law the $900 billion COVID-19 relief bill "Consolidated Appropriations Act
" which provides $300 billion in support for small businesses and an opportunity to apply for a second PPP loan (or first loan if you missed the first round of PPP loans). This also includes Sec. 501(c)(6) not-for-profit organizations that were not able to apply previously.
Guidance and regulations have not been issued yet, but the SBA must provide regulations within 10 days of the enactment of the Act. This means, applications aren't open yet, but should be open the first week of January.
Applications are now open! (Links below)
Now is the time to prepare and gather the necessary documents for your bank so you are ready to roll on day 1.
Who is eligible to apply:
Below we have some additional information on the PPP and other programs/ information that is available to you.
As always, if you have any questions, please feel free to reach out and we can assess your individual needs.
-Your geeks at HR Branches
Disclaimer: HR Branches provides general information about Human Resources. Please note that the information provided, while reliable, is not legal advice. Please seek legal assistance, or assistance from State, Federal, or International governmental resources, to make sure your legal interpretation and decisions are correct for your location and circumstances. The purpose of this information is for guidance, ideas, and assistance on general HR matters.
P.S. Please feel free to forward to anyone you know who could benefit from this information!
Pikes Peak SBDC previously recorded webinars:
SBA Economic Injury Loan Hotline 1-800-659-2955 or (TTY) 800-877-8339
SMALL BUSINESS COVID-19 DISASTER RESPONSE HOTLINE 303-860-5881