No more PPP, No More EIDL, Now What?
Lots of info to digest today. Good thing it is Wednesday, no wait, Thursday. No, that’s not right. Well, it’s a day that ends in “y”. With PPP and EIDL halted, now what?
Check out the info below for some insights that may be relevant to you:
- Opening Up America Again: In case you missed the press conference last night, check out the guidelines published by Presidential Taskforce about the phased economy reopening.
- Where do I go if I did not apply for a disaster relief program? With PPP halted (hopefully temporarily) and the SBA not accepting any more EIDL applications, the options are limited. However, check out the available programs which were sent out by SCORE:
- U.S. Chamber of Commerce: Save Small Business Fund. The Save Small Business Fund is a grantmaking initiative led by the U.S. Chamber of Commerce Foundation. The fund will offer $5,000 grants for employers across the country. They also developed a Coronavirus Small Business Guide.
- Nav: Small Business Grant Contest. Nav is giving grants to small businesses that tell a story of preservation and opportunity in the face of a past or ongoing challenge. Apply by May 30th
- Facebook: $100M in Grants for Small Businesses. Facebook is offering $100 million in grants to support over 30,000 small businesses in over 30 countries. Check if your small business is eligible.
- Will There Be More Funds Available for the PPP or other programs? A plan B, if Congress does not act, is being talked about. Check out the article from Inc.com here.
- I got the PPP funds, now what? More guidance will no doubt be issued on PPP forgiveness. In the interim, check out some resources that may be helpful:
- Check out a recent Forbes article about the Ten Things We Need To Know about PPP Forgiveness.
- Please make sure you are signed up for RKL’s weekly webinars (every Friday at 11am). They mentioned on today’s call about rolling out some helpful PPP Loan Forgiveness and Cash Forecasting tools and information in the coming week. Stay tuned.
- And now from the lighter side: Professional Gamblers in Nevada may be able to collect unemployment……With no golf allowed in PA, a lot of my golf buddies could do the same thing given how much I have lost to them over the last few years.
Please see all of our updates at the following link: