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TACCA Update April 16

Thursday, April 16, 2020   (0 Comments)
Posted by: Devorah Jakubowsky
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U.S. Small Business Administration No Longer Accepting New Applications
The U.S. Small Business Administration said Thursday morning the Paycheck Protection Program wouldn't be accepting any more applications for the $349 billion program. Read the article from CBS News here. The funding lapse can be confirmed on the SBA website here.
 
SBA has also put a halt on accepting new applications for the Emergency Injury Disaster Loans.

 

Governor Abbott, Goldman Sachs, LiftFund Announce $50 Million in Loans for Texas Small Businesses
These loans, made through the U.S. Small Business Administration’s (SBA) Paycheck Protection Program (PPP), appear to be another avenue for the PPP loans for Texas small businesses and will primarily be used for payroll so that employees can continue to receive paychecks and small businesses can retain their employees and will be partially or wholly forgiven. With limited funding and high demand, we encourage you to fill out this interest form as soon as possible.

 

Texas Disaster Declaration Extended
On Sunday, Governor Greg Abbott issued a proclamation extending his Disaster Declaration for all Texas counties in response to COVID-19. Originally issued on March 13th, the Disaster Declaration provides the state a number of resources to effectively serve Texans as the Lone Star State continues to mitigate the spread of COVID-19.

 

ACCA Requests Support to Secure Additional PPP Funding for HVACR Contractors
Air Conditioning Contractors of America sent an email today including this request to contractors:
 
 
We appreciate the engagement of all ACCA members in response to the coronavirus pandemic. Our early action has amplified the voice of HVACR contractors in Washington, and has encouraged others to follow ACCA’s lead. Check out this massive industry letter that was sent to congressional leadership on Wednesday, April 15. It was signed by 257 national and state associations representing small businesses. While we are extremely happy with the results so far, the pandemic and uncertainty that comes with it are far from over. We need your voice to make sure small businesses, especially HVACR contractors, are adequately helped by Congress. You can take action right now by sending a message to your representatives in Congress.

 

Considering the report that PPPL funds have already dried up, we encourage you to take action and send this letter immediately. We want to assure our members that TACCA is in full support of additional funding for PPP loans for contractors.