Page 8 - Second Draw News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Coronavirus Aid, Relief, and Economic Security Act (as amended and modified, the “ CARES Act”) was enacted to provide immediate assistance to individuals, families, and businesses affected by the COVID-19 emergency. Among other provisions, the CARES Act allowed Congress to authorize the Small Business Administration (“ SBA”) to temporarily guarantee forgivable loans under a new 7(a) loan program titled the Paycheck Protection Program (“ PPP”). On December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the “ Economic Aid Act”) was enact...

On January 6, 2021, the Small Business Administration (the “ SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Second Draw Loans” (“ Second Draw Rules”). These rules announced the implementation of section 311 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the “ Economic Aid Act”). The SBA also released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Program as Amended by Economic Aid Act” (“ Consolidated First D...

ROADMAP TO REOPENING Vermont Business Magazine Friday, April 9th, marked the start of the Vermont Forward reopening plan, which Governor Scott announced earlier this week. With this plan, our tourism industry has much to look forward to starting today. VDTM would like thank all – innkeepers, hospitality staff, food service professionals, front-line workers, owner-operators, Vermonters, visitors and everyone in between, alike – for your patience, tenacity, creativity, advocacy, and generosity of spirit in supporting each other as we worked toward this moment, and our bright future ahead. ...

Mon, 04/12/2021 - 3:36am -- tim Vermont Business Magazine April 9 marked the start of Step 1 of the Vermont Forward reopening plan, which Governor Scott announced last week. New Travel Policy: Effective April 9, quarantine is no longer required. Find the full travel guidance including new testing policies for Vermonters and visitors at the Department of Health website. The certificate of compliance for lodging establishments is still required until all travel restrictions are fully lifted, currently scheduled for June 1st. Shift to Universal Guidance: Effective today, "Group A" sector...

Help is here with $16.2 billion for venues, theaters, and more Vermont Business Magazine The US Small Business Administration will officially open the Shuttered Venue Operators Grant (SVOG) application portal today, April 8, 2021 at 12 pm EDT for operators of live venues, live performing arts organizations, museums and movie theaters, as well as live venue promoters, theatrical producers and talent representatives to apply for critical economic relief, as those eligible entities are some of the first that had to shutter their doors a year ago in response to the COVID-19 pandemic. “Concerts,...