to slow COVID-19 cases. Every two weeks: re-evaluation against criteria to determine feasibility to move from one stage to the next. All criteria must be met to move stages and dates are estimated targets.
With the severe impact of COVID-19 on Idaho small businesses, it is more important than ever before to support the shops, restaurants and other establishments that play a critical role in our communities and state economy.
a grantmaking initiative funded by corporate and philanthropic partners, providing $5,000 in one-time, supplemental cash grants to employers across the US, with 3-20 employees in economically vulnerable communities. Limited funds.
SBA debt relief for existing loans, and loans approved prior to September 27, 2020. 1) SBA will automatically pay the principal, interest, and fees of current 7(a) loans for a period of six months. - If interested in a new loan, check with PACNI or your SBA-approved bank for deadlines.
The SBA has officially announced that they expect to open their PPP forgiveness platform and will begin accepting forgiveness applications from lenders beginning August 10
Congress passes PPP loan program extension (P4 Act).
House of Representatives passed the Prioritized Paycheck Protection Program Act (P4), extending the window for business owners to apply for PPP loans to August 8, 2020. In addition to the extension, P4 will decouple PPP from SBA's 7(a) lending program and allow some small business borrowers to apply for a second PPP loan.
How Small Firms Can Protect Finances in Reopening Economies
Idaho TechHelp is a part of the National Manufacturing Extension Partnership (MEP). They can assist manufacturers with most business operations and workforce needs, including product design and development, food manufacturing & safety, plant operational issues, business continuity, supply chain issues, and supplier scouting/matchmaking. They encourage you to call them for assistance.