For businesses that have not had PPP or EIDL applications processed, we recommend that they contact their local SBDC as soon as possible. For PPP applications, the SBA has advised that businesses contact their banks to understand the status of their applications.
While these programs may receive additional funding, we encourage businesses to begin planning for these funds to not be available. SBDC advisers can help businesses understand cash flow and budgets to help preserve the business for the duration of the shelter-in-place restrictions.
As a reminder, all SBDC advising is available at no cost to businesses and is confidential. Advising is being conducted via phone and virtually.
To access SBDC services, find your local center at Bizcenter.org.