COVID-19 Updates

State by State allocation of COVID19 Payroll funds distribution   Learn More

A common pitfall: being unprepared In order to have the best chance of getting a PPP loan, small businesses need to do their homework. A lack of preparation is one of the most common mistakes that owners made when applying for PPP loans during the first round, says Rob Scott, Great Lakes regional administrator for […]

Last night we were informed that the Economic Injury Disaster Loan program had experienced a lapse in appropriations. This morning, we learned that the Payroll Protection Program has experienced a similar lapse in appropriations as well, and that new applications are not being processed by the SBA. These two programs have been the primary Federal […]

Getting Help 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 […]

Getting Help Many businesses that have received funds from these programs or who have applications that have been processed and are in the process of receiving funds may have additional questions. There are restrictions on how these funds can be used, and how the loan forgiveness part of the program works. SBDC advisers are available […]

The U.S. Small Business Administration issued a new interim final rule Tuesday that supplements the guidance for the Paycheck Protection Program (PPP) included in the first interim final rule for the PPP issued on April 2 and FAQs that are being updated periodically. The additional guidance provides specific information on calculating the maximum loan amount […]

The Library is creating virtual support for business owners during this challenging time. Currently, we are prioritizing Zoom and Facebook programs to teach business owners how best to represent themselves and their businesses while reaching customers. These programs are provided at no cost, and will share what every business owner needs to know to present themselves well, and be […]

PayPal, Intuit QuickBooks approved to hand out emergency funds to small businesses in coronavirus program Published Fri, Apr 10 20209:48 PM EDTUpdated Sat, Apr 11 20201:18 AM EDT Kate [email protected] Key Points • PayPal and Intuit are among the first non-bank, fintech companies to be approved for the Small Business Association’s emergency lending program. • […]

The Coronavirus Aid, Relief and Economic Security (CARES) Act has allocated significant resources to the Small Business Administration (SBA) to help small businesses survive and keep workers employed amid the pandemic and economic downturn. Traditionally, agricultural producers have not qualified for a majority of SBA programs. However, due to the diligent work of NCBA, the […]

New details limit the scope of the economic injury disaster loans (EIDL) meant to provide businesses with immediate, emergency cash.   Learn More