PPP Loan Forgiveness Updates, Q&A Chat & Non-Disaster DAILY Webinars!

Houston District Office  - May 2020

u s small business administration

Chat Q&A with SBA Leadership

Join the Houston District Director Mr. Tim Jeffcoat and the Deputy District Director Mr. Mark Winchester for an informative session on your COVID-19 Loan questions. Only the first 30 will be admitted 

Join Zoom Meeting daily May 18-22

Monday - Friday 10:00am  CLICK HERE 

Meeting ID: 731 6366 9195  Password: 9u37JG

Monday - Friday 2:30pm CLICK HERE

Meeting ID: 739 6600 4323  Password: 8YcV3X

Tim Jeffcoat

PPP Coronavirus Loans Icon

PPP Loan Forgiveness

Have you received or applied for a PPP loan? We will guide you through the official guidance related to PPP loan forgiveness.

Daily, May 18-22

1:00pm CDT

Monday May 18th 1:00pm - CLICK HERE

Tuesday May 19th 1:00pm - CLICK HERE

Wednesday May 20th 1:00pm - CLICK HERE

Thursday May 21st 1:00pm - CLICK HERE

Friday May 22nd 1:00pm - CLICK HERE

 

Perdón de préstamo PPP

Jueves, 21 de Mayo

11:00am CDT

https://meet.lync.com/sba123/amgonzal2/6PWZGTPK

Por teléfono: +1 (210) 469-4148; ID: 252563407


EIDL Advance

PPP and EIDL Program Overview

*PPP Funds are still available, EIDL open for agricultural businesses only*

  

Monday-Friday, May 18-22

9:00am CDT

Join URL: https://score.zoom.us/j/91174027629

Or by Phone: +1 346 248 7799; Meeting ID: 911 7402 7629

Asistencia por desastre de SBA COVID19

Martes, 19 de Mayo

11:00am CDT

https://meet.lync.com/sba123/amgonzal2/P0SMRBR6

Por teléfono: +1 (210) 469-4148; ID: 771636468


Cómo volver al negocio - COVID19

Miércoles, 20 de Mayo

11:00am CDT

https://score.zoom.us/j/97512695279

Por teléfono: +1 (346) 248-7799; ID: 975 1269 5279


Grow Your Business

Non-Disaster Webinars

Tuesday, May 19th 12:00pm - Selling to the Federal Government (Certifications Overview)

Join URL:  https://score.zoom.us/j/99085181676

Or by Phone: +1 346 248 7799 US (Houston) / Meeting ID: 990 8518 1676

 

Wednesday May 20th- 3:00pm - Women-Owned Small Business Certification & HubZone Certification

Join URL: https://score.zoom.us/j/94315790752

Or by Phone: +1 346 248 7799 US (Houston) / Meeting ID: 943 1579 0752


boots to business reboot

Boots to Business Reboot- Veteran Entrepreneurship   2-day virtual workshop

May 26th-May 27th 8:00am - 12pm (8 hours total)

REGISTER: https://sbavets.force.com/s/reboot-course-information

Do you know about the PPP Safe HarborWe encourage you to read about it!

The recently published FAQ 46 provides a ‘safe harbor’ when getting a PPP loan. 

  • Any borrower receiving a loan under 2 million dollars will be deemed to have requested the loan in good faith.
  • The FAQ goes on to say, for any PPP loan where the borrower did NOT act in good faith (even if over $2M).  “If the borrower repays the loan … SBA will not pursue administrative enforcement or referrals to other agencies …”

The details are below, and you should read it for yourself here.

Question #46: How will SBA review borrowers’ required good-faith certification concerning the necessity of their loan request?

Answer: When submitting a PPP application, all borrowers must certify in good faith that “[c]urrent economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.” SBA, in consultation with the Department of the Treasury, has determined that the following safe harbor will apply to SBA’s review of PPP loans with respect to this issue: Any borrower that, together with its affiliates, received PPP loans with an original principal amount of less than $2 million will be deemed to have made the required certification concerning the necessity of the loan request in good faith. SBA has determined that this safe harbor is appropriate because borrowers with loans below this threshold are generally less likely to have had access to adequate sources of liquidity in the current economic environment than borrowers that obtained larger loans. This safe harbor will also promote economic certainty as PPP borrowers with more limited resources endeavor to retain and rehire employees....READ MORE HERE


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