Snippet from Sen. Merkley’s office:
“The Administration/U.S. Treasury has not yet sent banks and credit unions the info they need to accept and process the new Payroll Protection Program (PPG) forgivable loans for small businesses and 501c3 organizations starting tomorrow.
“Senator Merkley has been recommending that small businesses should make contact with their local bank or credit union and ask to be put on an application list (many banks have started doing this). That way when the Administration releases details, the banks can get back to the small businesses.”
Trove of documents on SBA Economic Injury Disaster Lending:
Business Oregon has revamped their webpage on Coronavirus resources … and established a hotline to help direct businesses to the best resources:
More on Paycheck Protection Plan
Paycheck Protection Plan (PPP) Loan
TODAY, April 3- Small Businesses and Sole Proprietorships: can apply for the Paycheck Protection Loan through existing SBA lenders.
April 10- Independent Contractors and Self-Employed Individuals can apply!
*Please note lenders just received new rules, guidelines, and a revised application.
Contact your current lender first as lenders will be starting with their current clients and then work with non-clients.
Please visit the US Treasury website for an application and a list of documents needed before meeting with your lender. Please be patient and have your prepared documents ready.
On Tuesday, April 7th, BBSI-Southern Oregon is offering two co-sponsored Chamber Business Continuity Go To webinars to discuss the details of the CARES Act, and help Chamber members with Business Continuity measures.
Please join us for these webinars. Only 250 members can join for each webinar. If you hear a busy signal it is full.