TACCA Update April 2
Thursday, April 2, 2020
Posted by: Devorah Jakubowsky
COVID-19 Resource Guide
We know you have been inundated with constantly evolving information to help you and your business navigate new laws, advice, assistance and resources available to you. We collected critical resources into one COVID-19 Resource Guide to help you find what you need. We will continue to update this, and new additions will be indicated as such.
Support Timely Delivery of SBA 7(a) Relief Loans
On Tuesday, the Air Conditioning Contractors of America sent another urgent request for contractors to contact their policymakers to support the timely delivery of Small Business Administration relief loans. There is concern that SBA and the banks won’t be prepared to support our members when the $350 billion lending program launches tomorrow. If you have not yet sent letters in support of this effort, please click here.
NFIB Webinar: How to Apply for a Coronavirus Small Business Loan
National Federation of Independent Business (NFIB) will host a webinar which will focus exclusively on small business loan programs that are now available.
Friday, April 3rd at 11 am CST
SBA disaster loan applications are already being accepted and starting April 3, small businesses and sole proprietorships can apply for loans under the Paycheck Protection Loan (PPPL) program. Businesses interested in a PPPL have been advised by the U.S. Treasury Department to apply as quickly as they can because there is a funding cap.
During this webinar, NFIB experts will provide additional information on the financing options for small businesses and:
- Outline funding sources available with the PPPL loans and SBA disaster loans and compare the two loan programs.
- Discuss the financial statements and other information needed to prepare to apply.
- Include information on how to apply for the two loan programs.
Business owners who anticipate a need for financial assistance during the COVID-19 pandemic are encouraged to attend.