We have a new PPP Loan authorization bill out of Washington, after months of political wrangling. Congress could have done more, but they did provide for up to $2,000,000 in additional forgivable loans per borrower, along with provisions which specifically cater to the hospitality industry.
Signed into law on December 27, 2020, The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act creates a second opportunity for businesses that have utilized the full.
Small Business Administration and Department of the Treasury have issued two Interim Final Rules to change the Paycheck Protection Program to extend the authority to make PPP loans through March 31, 2021.
Free SBA Webinar Today On Venue, Artist Representative COVID Relief
The SBA is holding a webinar today, Thursday, January 14th, 2021 at 3:00 PM EST to provide “a preliminary overview of the Shuttered Venue Operators Grant program” included in the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act.
The Economic Aid Act allocates $15 billion for the Shuttered Venue Operators Grants. Wording inserted thanks to the efforts of trade group NITO and others include “artist representatives” as eligible for funds.
Eligible organizations with a reduction in revenue due to the COVID-19 pandemic will have the opportunity to receive up to a $10 million grant under the program.
Thursday, January 14, 2021, 2:00 p.m. CST, the U.S. Small Business Administration will host a webinar to give a preliminary overview of the
Shuttered Venue Operators Grant Program included in the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act signed into law by President Trump on Dec. 27, 2020.
Eligible organizations with a reduction in revenue due to the COVID-19 pandemic will have the opportunity to receive up to a $10 million grant under the program. In total, the Economic Aid Act allocates $15 billion for the Shuttered Venue Operators Grants.
The webinar will provide introductory information about the grants, who can apply, how potential organizations can prepare, and additional details re: eligibility and applications.