.png)
April 23, 2020 Update on Small Business Loans and Grants
- Apr 23, 2020
- 2 min read
Here is the latest update on loans and grants for small businesses:
1. Small Business Administration Lending: We’re happy to share that our political leaders are very close to adding an additional $310 billion to the Paycheck Protection Program, $50 billion to the Economic Injury Disaster Loan (EIDL) program and $10 billion for EIDL grants.
EIDL is administered directly through the SBA. Details can be found at www.sba.gov/funding-programs/disaster-assistance. If you have already applied for an EIDL loan or grant, you can get updates by contacting the SBA disaster assistance customer service center at 1-800-659-2955 (TTY: 1-800-877-8339) or by e-mail at disastercustomerservice@sba.gov
To gain access to a loan through the Paycheck Protection Program (PPP), you must work with a Small Business Administration (SBA) approved lender. If you have already submitted an application, we recommend reaching out to the lender to ensure your application is complete and ready when this second round of funding becomes available. If your preferred lender is not offering these loans, you can find a list of approved lenders at www.sba.gov/paycheckprotection/find. You may also be able to work with an approved Community Development Financial Institution (CDFI). Details at https://cdfi.org/
2. LISC’s Rapid Relief & Recovery Fund: Thanks to a $2.5 million investment from Verizon, LISC is offering grants to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available. The application period is now open. Details and application at https://www.lisc.org/covid-19/small-business-assistance/small-business-relief-grants/verizon-small-business-recovery-fund/
Your application must be completed by Tuesday, April 28th, 11:59 p.m. ET. Before completing the application, we recommend you review our Grant Information Overview and FAQ.
3. Facebook Small Business Grants Program: "We [Facebook] know that your business may be experiencing disruptions resulting from the global outbreak of COVID-19. We’ve heard that a little financial support can go a long way, so we are offering $100M in cash grants and ad credits to help during this challenging time." Applications for DC Businesses is live: https://www.facebook.com/business/boost/grants
Small-business cash support is easiest to manage when every transfer, grant payment, fee, exchange rate, and account email is written down in one place. When a transfer status, refund timing, recipient detail, payment record, app login, or account update needs help, I searched how to contact taptap send with the receipt and transaction record open. I treat money-transfer apps the same way because a missing receipt or wrong recipient detail can turn a simple question into a long search through messages. For an international transfer, I save the sender name, recipient name, receiving country, payment method, transfer ID, amount, fee, and confirmation screen ahead of support. That keeps the request tied to one exact transfer instead of a broad finance question,…
I played Block Blast while waiting for a luggage locker to release my bag after entering the code. The door popped open right after a lucky placement.
Combining catchy beats, lovable characters, and competitive rhythm mechanics, Friday Night Funkin proves why it remains one of the most popular indie music games.