More funding will be available for PPP loans and additional grants including the EIDL, according to the Small Business Administration (SBA).
Help is on the way due to recently enacted legislation regarding SBA funding programs, but it will take a little more time to be rolled out. Once guidance is received, informational webinars will be held to assist in learning about additional funding opportunities. Businesses are encouraged to touch base with their bankers and CPAs to be prepared when the application is released.
In addition, SBA announced the deadline to apply for a COVID-19 pandemic Economic Injury Disaster Loan has been extended to Dec. 31, 2021. All eligible small businesses and nonprofits are encouraged to apply. Click here and learn more and to apply for an Economic Injury Disaster Loan.
Finally, a free webinar on Jan. 14 will provide an update on the New Stimulus Package: “Covid-19 Capital Options for Small Businesses.”
The webinar will be held at 1 p.m. REGISTER HERE.
For additional information, call the Umatilla Electric Cooperative Business Resource Center at 541-289-3000 or email uecbrc@gmail.com.
