Small businesses will have more time to apply for a Paycheck Protection Program (PPP) loan thanks to swift action from Congress and the Biden administration ahead of the application deadline. President Biden signed the PPP Extension Act into law yesterday, providing an additional two-month window for loan applications. The new deadline is now May … [Read more...]
PPP Loan
Paycheck Protection Plan Loan Window Extended
‘Phase 3.5’ Coronavirus Stimulus Package Passes the House, More Funding for Small Businesses
This afternoon, April 23, 2020, the House of Representatives passed House Resolution 266, also known as the Phase 3.5 Coronavirus Stimulus Package. The bill will now be sent to President Donald Trump who has said that he will sign it into law. Companies who did not have an opportunity to apply for PPP loans before the banks stopped accepting … [Read more...]
Chambers Help Members Find Lifeboats, But Can’t Get In Themselves
Chambers of Commerce have been a non-government resource for small businesses during the COVID-19 Pandemic. Chambers have performed a concierge role, helping members and non-members discover aid for which they were eligible and helping them apply. In many places, Chambers are playing a role on task forces trying to plan the post-pandemic reopening … [Read more...]
Critical Employees Will Help Businesses Bounce Back
Well-trained, motivated employees who really care about customers are an important asset to businesses. To recover from the COVID-19 pandemic, businesses will need to rely on these essential employees. Even if your business is temporarily closed, keeping valued employees on the payroll could be your best option. We would like to share resources to … [Read more...]
Governor Abbott, Goldman Sachs, LiftFund Announce $50 Million in Loans For Texas Small Businesses
Governor Greg Abbott today announced that Goldman Sachs and the LiftFund, along with other community development financial institutions (CDFIs), are partnering to provide $50 million in loans to small businesses in Texas that have been affected by COVID-19 as part of the Goldman Sachs 10,000 Small Businesses program. These loans, made through the … [Read more...]