Rob Betts requested that the following SBA bulletin be shared with LaRC Contractors Steering Council members.
Please join the Richmond SBA Office for Webinars on SBA COVID-19 Economics Resources. The following programs are scheduled for July, 2020.
SBA & USDA (Business and Industry-B&I) COVID-19 Economic Resources Webinar
Wednesday, July 29, 2020 – 10:00am EDT
SBA Sponsored
The SBA portion of the webinar will provide a high-level general overview of the SBA’s Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP). We will cover the qualifications, terms, and features of each program and briefly cover the application process. The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The EIDL loan advance provides economic relief to businesses that are currently experiencing a temporary loss of revenue. Eligible Paycheck Protection Program (PPP) recipients may also qualify for a loan up to $10 million. SBA Eligible Program Applicants: businesses The USDA/B&I portion will provide a high-level general overview of the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by Congress authorizing nearly $1 billion in additional loan guarantee authority for the U.S. Department of Agriculture and created the Business and Industry (B&I) CARES Act Program. For the first time, agricultural producers may access this program if they are ineligible for financing from USDA’s Farm Service Agency. Any loan guaranteed by the B&I CARES Act Program must be used as working capital to prevent, prepare for or respond to the effects of the Coronavirus pandemic. USDA Eligible Program Applicants: Federal or State-Chartered Banks, Savings and Loans, Farm Credit Banks, Credit Unions. Registration Required.
Identifying the Lessons from COVID-19 & What to Carry Forward
Women’s Business Center
Wednesday, July 29, 2020 – 3:00pm EDT
Resource Partner
An Interactive series designed to encourage discussion and sharing so that we are learning from one another. Speaker: Nicole Weyer. Registration Required.
I Did What? The Transformative Power in Giving Ourselves Credit
Wednesday, July 29, 2020 – 3:00pm EDT
Resource Partner
An Interactive series designed to encourage discussion and sharing so that we are learning from one another. Speaker: Nicole Weyer. Registration Required.