Paycheck Protection Program
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.
SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.
SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.
Who Can Apply
The following entities affected by Coronavirus (COVID-19) may be eligible:
The following entities affected by Coronavirus (COVID-19) may be eligible:
- Any small business concern that meets SBA’s size standards (either the industry based sized standard or the alternative size standard)
- Any business, 501(c)(3) non-profit organization, 501(c)(19) veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of:
- 500 employees, or
- That meets the SBA industry size standard if more than 500
- Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) that has more than one physical location and employs less than 500 per location
- Sole proprietors, independent contractors, and self-employed persons
Loan Forgiveness Application Revised June 16th
Full Revision Document
U.S. Departmernt of Treasury - SMALL BUSINESS PAYCHECK PROTECTION PROGRAM
Full Revision Document
U.S. Departmernt of Treasury - SMALL BUSINESS PAYCHECK PROTECTION PROGRAM
Local PPP Resources
New June 12, 2020: SBA and Treasury Announce New and Revised Guidance Regarding the Paycheck Protection Program
The U.S. Small Business Administration, in consultation with the U.S. Department of the Treasury, issued new and revised guidance for the Paycheck Protection Program (PPP). This guidance implements the Paycheck Protection Program Flexibility Act (PPPFA), signed into law by President Trump on June 5, 2020, and expands eligibility for businesses with owners who have past felony convictions. Click Here for more information
The U.S. Small Business Administration, in consultation with the U.S. Department of the Treasury, issued new and revised guidance for the Paycheck Protection Program (PPP). This guidance implements the Paycheck Protection Program Flexibility Act (PPPFA), signed into law by President Trump on June 5, 2020, and expands eligibility for businesses with owners who have past felony convictions. Click Here for more information
New June 4, 2020 - New PPP Legislation to Make Loan Forgiveness Easier
This week, the Senate and House approved a bill that will make it easier for borrowers to have Paycheck Protection Program(PPP) loans forgiven. The bill is pending executive approval; The Journal of Accountancy reports that the President is expected to sign it. CLICK HERE for full blog.
Information courtesy of Allevity Employer Solutions
This week, the Senate and House approved a bill that will make it easier for borrowers to have Paycheck Protection Program(PPP) loans forgiven. The bill is pending executive approval; The Journal of Accountancy reports that the President is expected to sign it. CLICK HERE for full blog.
Information courtesy of Allevity Employer Solutions
K·Coe Isom Virtual Town Hall PPP: Loan Forgiveness Update Video
May 27, 2020
Morrison Paycheck Protection Program Loan Tips HERE
May 27, 2020
Morrison Paycheck Protection Program Loan Tips HERE
Local SBA approved lenders (list may be incomplete and subject to change)
Economic Injury Disaster Loan (EIDL) Emergency Advance
NEW as of June 15, 2020
Notice: Now Accepting New Applications for Economic Injury Disaster Loans and Advance
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are able to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. This loan advance will not have to be repaid. SBA has resumed processing EIDL applications that were submitted before the portal stopped accepting new applications on April 15 and will be processing these applications on a first-come, first-served basis.
On June 15, SBA will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications from qualified small businesses and U.S. agricultural businesses.
For more information CLICK HERE
Notice: Now Accepting New Applications for Economic Injury Disaster Loans and Advance
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are able to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. This loan advance will not have to be repaid. SBA has resumed processing EIDL applications that were submitted before the portal stopped accepting new applications on April 15 and will be processing these applications on a first-come, first-served basis.
On June 15, SBA will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications from qualified small businesses and U.S. agricultural businesses.
For more information CLICK HERE
This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.
Notice: New Eligibility for Economic Injury Disaster Loan and Advance: SBA will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on a limited basis only to provide relief to U.S. agricultural businesses. To learn more about eligibility and apply, click here.
EIDL applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.
To learn more about the relief options available for your business, click here.
Agricultural Businesses
SBA will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on a limited basis only to provide relief to U.S. agricultural businesses.
Agricultural businesses are now eligible as a result of the latest round of funds appropriated by Congress in response to the COVID-19 pandemic.
Notice: New Eligibility for Economic Injury Disaster Loan and Advance: SBA will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on a limited basis only to provide relief to U.S. agricultural businesses. To learn more about eligibility and apply, click here.
EIDL applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.
To learn more about the relief options available for your business, click here.
Agricultural Businesses
SBA will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on a limited basis only to provide relief to U.S. agricultural businesses.
Agricultural businesses are now eligible as a result of the latest round of funds appropriated by Congress in response to the COVID-19 pandemic.
- Agricultural businesses includes those businesses engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries (as defined by section 18(b) of the Small Business Act (15 U.S.C. 647(b)).
- SBA is encouraging all eligible agricultural businesses with 500 or fewer employees wishing to apply to begin preparing their business financial information needed for their application.
California Disaster Relief Loan Guarantee Program — COVID-19
The State of California is allocating $50 million to the Small Business Finance Center at California’s IBank to mitigate barriers to capital for those small businesses (1-750 employees) that may not qualify for federal funds (including businesses in low-wealth and immigrant communities). The $50 million allocation will be used to recapitalize the IBank Small Business Loan Guarantee Program.
Disaster Relief Loan Guarantee Program: This disaster program provides guarantees for loans of up to $50,000 for small business borrowers in declared disaster areas.
The State of California is allocating $50 million to the Small Business Finance Center at California’s IBank to mitigate barriers to capital for those small businesses (1-750 employees) that may not qualify for federal funds (including businesses in low-wealth and immigrant communities). The $50 million allocation will be used to recapitalize the IBank Small Business Loan Guarantee Program.
Disaster Relief Loan Guarantee Program: This disaster program provides guarantees for loans of up to $50,000 for small business borrowers in declared disaster areas.
California State Board of Equalization
Coronavirus (COVID-19) Impact to Property Taxes FREQUENTLY ASKED QUESTIONS (FAQS)
Coronavirus (COVID-19) Impact to Property Taxes FREQUENTLY ASKED QUESTIONS (FAQS)
Additional Local Resources
3CORE: Small Business Interruption Loan Program
Business working capital loan in an amount between $10,000 and $100,000, depending on each business’s individual needs. Larger loan requests with alternate rates and terms may also be considered. For questions, please contact 3CORE at (530) 893-8732.
Business working capital loan in an amount between $10,000 and $100,000, depending on each business’s individual needs. Larger loan requests with alternate rates and terms may also be considered. For questions, please contact 3CORE at (530) 893-8732.
Videos
Zoom Interview with Mark Francis, President & CEO, Golden Valley Bank
"The PPP Experience and the Status of our Local Economy"
May 19, 2020
Full Interview HERE
"The PPP Experience and the Status of our Local Economy"
May 19, 2020
Full Interview HERE
Zoom Interview with Toni Scott, Principal, Grants, Morrison
"I Received my PPP Money...Now What"
April 22, 2020
Full Interview HERE
Morrison Paycheck Protection Program Loan Tips HERE
"I Received my PPP Money...Now What"
April 22, 2020
Full Interview HERE
Morrison Paycheck Protection Program Loan Tips HERE
Zoom Interview with Rick Smith, President & CEO, Tri Counties Bank
April 20, 2020
Full Interview HERE
Webinar Links
ASK AN ECONOMIST (COVID-19) - PART 1
Dr. Robert Eyler, PhD
April 3, 2020
Learn about the Good, Tricky, and Ugly scenarios and hear what he has to say about the effects on different industries.
Full Webinar CLICK HERE
Dr. Robert Eyler, PhD
April 3, 2020
Learn about the Good, Tricky, and Ugly scenarios and hear what he has to say about the effects on different industries.
Full Webinar CLICK HERE
ASK AN ECONOMIST (COVID-19) – PART 2
Dr. Robert Eyler, PhD
April 10, 2020
Economic update (webinar) presented by Rob Eyler, PhD. He explains the immediate and near-term economics of the crisis, factors municipalities and businesses should keep their eyes on, and strategies for the TOURISM industry.
Full Webinar CLICK HERE
Dr. Robert Eyler, PhD
April 10, 2020
Economic update (webinar) presented by Rob Eyler, PhD. He explains the immediate and near-term economics of the crisis, factors municipalities and businesses should keep their eyes on, and strategies for the TOURISM industry.
Full Webinar CLICK HERE
ASK AN ECONOMIST (COVID-19) – PART 3
Dr. Robert Eyler, PhD
April 23, 2020
Economic update including "tricky" and "ugly" scenarios and the costs/benefits of reopening. Industry focus this week: MANUFACTURING
Full Webinar CLICK HERE
Dr. Robert Eyler, PhD
April 23, 2020
Economic update including "tricky" and "ugly" scenarios and the costs/benefits of reopening. Industry focus this week: MANUFACTURING
Full Webinar CLICK HERE
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