SBA to Resume Accepting PPP Loans Monday The U.S. Small Business Administration (SBA) will again begin accepting applications for the Paycheck Protection Program (PPP) on Monday at 8:30 a.m. President Trump signed a bill Friday that provides $484 billion in more funding to respond to the COVID-19 pandemic, including $320 billion more for forgivable loans and $60 billion for Economic … Read Post
Congress and White House Reach Deal for Additional Small Business Relief Congress and the Trump administration have come to an agreement on a $484 billion deal that includes $321 billion for the Paycheck Protection Program, $60 billion for economic disaster assistance, $75 billion for hospitals and $25 billion for coronavirus testing. The Senate passed the … Read Post
SBA No Longer Taking PPP and EIDL Applications The U.S. Small Business Administration (SBA) has run out of appropriated funding for both the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program. “SBA is unable to accept new applications at this time for the PPP or the EIDL COVID-19-related assistance program (including EIDL Advances) based on available appropriations funding,” … Read Post
PPP Loans Open Today to Self-Employed Individuals and Independent Contractors Independent contractors and individuals who are self-employed can begin applying for the Paycheck Protection Program (PPP) today. Small businesses and sole proprietors began applying a week ago. PPP provides potentially forgivable loans in amounts to cover 2.5 months of payroll or $10 million (whichever is less). To apply, … Read Post
Denver Metro Chamber to Offer Unemployment Insurance Webinar Thursday Unemployment claims are on the rise and many Coloradans are at risk of being unemployed for some period of time as a result of COVID-19. Join us to learn what policy changes have been made to support our workforce on the federal and state levels, what resources are available … Read Post
Lenders Can Start Accepting Paycheck Protection Loan Applications from Small Businesses on Friday On Friday, small businesses and sole proprietors can begin working with their lenders to submit loan applications for the federal Paycheck Protection Program (PPP). Independent contractors and self-employers can begin submitting applications April 10. PPP is part of the federal CARES Act enacted last week. It provides potentially forgivable loans in … Read Post
Here at the Denver Metro Chamber, we are focused on supporting our business community as we tackle the economic trauma of COVID-19. Every day, we hear how our members are adapting in innovative ways to the new environment, including interruptions in service, closures, delays and remote working – just to name a few. We know many of you need more support, especially organizations with … Read Post
