Attendees will learn about the Paycheck Protection Program (PPP) Direct Forgiveness Portal and the COVID Revenue Reduction Score, which may eliminate the documentation requirement for 25% revenue reduction on PPP Second Draw loans $150,000 or less (for loans that receive a pass score from SBA). In addition, attendees will also learn about SBA’s COVID-19 Economic Injury and Disaster Loan (EIDL). This low interest disaster loan could be of particular interest to small business owners as they focus on recovery. Qualified small business borrowers may receive up to $500,000 EIDL loan at 3.75% 30-year fixed rate. In addition, applicants for the COVID-19 EIDL may be eligible to receive up to $15,000 in funding from SBA that does not need to be repaid. The application deadline for the SBA’s COVID-19 EIDL is 12/31/2021.
The free webinar is made possible by support from the Small Business Administration (SBA). Registration questions help SBA and the New Growth Women's Business Center understand participants better, and are kept confidential. Registration serves as a request for business counseling service and/or training from the SBA or an SBA Resource Partner, and as agreement to participate in SBA surveys and information mailings. Please see detailed terms here: https://www.newgrowthmo.org/u-s-small-business-administration-terms-of-agreement/