More from @SBAgov

SBA

@SBAgov

13 Apr

#SVOG UPDATE: We continue to work as fast as possible with our vendors to fix the Shuttered Venue Operators Grant application portal so we can share an exact reopening date.

As we do this, we are also making changes to enhance the applicant’s user experience based on feedback we’ve received.

We know this experience has been disappointing. Live venues are some of the first who had to close due to the pandemic and they need help urgently. They anchor our communities in so many ways; fueling our entertainment and cultural experiences and other businesses.

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SBA

@SBAgov

14 Jan

NEW: SBA will re-open the #PaycheckProtection Program loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on 𝗙𝗿𝗶𝗱𝗮𝘆, 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟭𝟱 𝗮𝘁 𝟵 𝗮𝗺 𝗘𝗧.

The portal will fully open on 𝗧𝘂𝗲𝘀𝗱𝗮𝘆, 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟭𝟵 to all participating PPP lenders to submit First and Second Draw loan applications to SBA.

On Friday, SBA will continue its emphasis on reaching smaller lenders and businesses by opening to approximately 5,000 more lenders, including community banks, credit unions, and farm credit institutions.

Read 8 tweets

SBA

@SBAgov

31 Mar 20

@USTreasury

BREAKING: With $349 billion in emergency #smallbusiness capital cleared, SBA and @USTreasury begin unprecedented public-private mobilization effort to distribute funds. #COVID19

The #CARESAct established the new $349 billion Paycheck Protection Program, which is specifically designed to help small businesses keep their workforce employed.

The Paycheck Protection Program will be available retroactive from Feb. 15, 2020, so employers can rehire their recently laid-off employees through June 30, 2020.

Read 6 tweets

SBA

@SBAgov

12 Mar 20

ANNOUNCED TODAY: The SBA will provide small businesses impacted by #Coronavirus (#COVID19) up to $2M in disaster assistance loans. Here's how the process will work: (1/11)

The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the #Coronavirus (#COVID19). (2/11)

@POTUS

Upon a request received from a state/territory’s Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by @POTUS, an Economic Injury Disaster Loan declaration. (3/11)

Read 11 tweets

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