Saturday, May 23, 2020
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program
News & Events
Wednesday, May 20, 2020
Good morning Montana-
It’s been a couple days since I sent out an update on PPP, so here are a few items. There is a new FAQ and Interim Final rule out as well as updated numbers. We are still anticipating additional guidance on PPP loan forgiveness to go along with the PPP loan forgiveness application that was posted last week, but that has not yet been provided. Once it is out (or anything else), I will send another update. As a reminder all of the guidance documents for PPP can also be found at the SBA (www.sba.gov) and Treasury (www.treasury.gov...
Friday, May 15, 2020
Good Friday afternoon Montana! We are putting out an “ask” to membership organizations in Montana to distribute information on the Paycheck Protection Program (PPP).
The Ask – Please distribute information (this email, attachments, web links) about the PPP to your membership.
The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.
Fully Forgiven. Funds are provided in the form of loans that will be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likel...
PPP Funding Available
Wednesday, May 13, 2020
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program
PPP Safe Harbor
Wednesday, May 13, 2020
https://home.treasury.gov/system/files/136/Interim-Final-Rule-on-Extension-of-Limited-Safe-Harbor-with-Respect-to-Certification-Concerning-Need-for-PPP-Loan-Request.pdf
SBA to Make Economic Injury Disaster Loans Available to U.S. Agricultural Businesses Impacted by COVID-19 Pandemic
Monday, May 04, 2020
WASHINGTON – U.S. Small Business Administration Administrator Jovita Carranza announced today that agricultural businesses are now eligible for SBA’s Economic Injury Disaster Loan (EIDL) and EIDL Advance programs. SBA’s EIDL portal will reopen today as a result of funding authorized by Congress through the Paycheck Protection Program and Healthcare Enhancement Act. The legislation, signed into law by the President one week ago, provided additional funding for farmers and ranchers and certain other agricultural businesses affected by the Coronavirus (COVID-19) pandemic.
“For more than 30 years, SBA has been prohibited by law from providing disaster assistance to agricultural businesses; however, as ...
SBA Updates
Wednesday, April 15, 2020
Good Morning - -
There have been some significant additional guidance/updates emerge as to the Paycheck Protection Program (PPP) so I wanted to provide a quick update. Please note: The links below are to the Treasury website (not SBA) which is where this information has first been located. We were informed Monday via a telephone conference by the SBA Office of Capital Access that use of information on the Treasury website is valid.
Interim Final Rule - Business Loan Program Temporary Changes; Paycheck Protection Program – Additional Eligibility Criteria and Requirements for Certain Pledges of Loans. This document provide additional guidance on:
individual...
SBA Approved Credit Unions
Monday, April 06, 2020
See the current list of SBA Approved Montana Credit Unions
SBA Loan and Paycheck Protection Program Applicants: If you are a credit union customer and your agency is not SBA approved, you can apply with a lender of your choosing. Here is a list of Montana credit unions that are SBA approved, and the list changes as more are being granted approval all the time.
Current Eligible Credit Unions
· Altana Credit Union: located in Billings and Laurel, serving Yellowstone, Carbon, Stillwater, Sweet Grass, Wheatland, Golden Valley or Musselshell counties. altanafcu.org
· Clearwater Credit Union: located in Missoula, serving Beaverhead, Deer Lodge, Granite, Lake...
Navigating Federal Relief & SBA Loans
Wednesday, April 01, 2020
Navigating Federal Relief and SBA Loans
https://www.youtube.com/watch?v=RuDyGC69tMs&feature=youtu.be
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