PPP Funds are Still Available

New Hampshire District Office - May 22, 2020

u s small business administration

Billions in PPP Funding Still Available

The U.S. Small Business Administration released an updated Paycheck Protection Program Report with data through May 16 from the second round of PPP funding provided in the Paycheck Protection Program and Health Care Enhancement Act. The latest data available shows that more than $135 billion in PPP funds still available for small businesses and non-profits impacted by the COVID-19 pandemic and is available to businesses of all sizes.

Learn more about the program and apply at www.sba.gov/ppp

Forgiveness Application Available

The SBA and Treasury have released the PPP Forgiveness Application. Click here to view the application and instructions.

Contact our office if you need a lender referral.


Updates on Reopening NH


Governor Chris Sununu has formed of the Governor's Economic Re-Opening Task Force, which has a plan to oversee the state and private-sector actions to reopen New Hampshire's economy while minimizing the adverse impact on public health. Read more here

General Guidance 

 


Main Street Relief Fund

The Governor has authorized the allocation and expenditure of an initial $400 million in emergency funding from the CARES Act to provide emergency financial relief to New Hampshire small for-profit businesses due to the economic disruption caused by COVID-19. 

New Hampshire small businesses desiring to obtain relief will  be required to provide information concerning their possible COVID-19-related lost revenues and receipt of Paycheck Protection Program (PPP) loans or any other federal relief. In order to be eligible, a business must have its principal place of business in New Hampshire and must have generated less than $20 million in revenue during the 2019 tax year.  

Submit Your Prequalification Here

Deadline to Submit Form is May 29

Healthcare, childcare, and agriculture businesses will not be eligible for the program, as those businesses are or will be addressed through other programs.     


Credit reports are now free, every week

If you’re feeling anxious about your financial health during these uncertain times, you’re not alone. That’s why the three national credit reporting agencies are giving people weekly access to monitor their credit report — for free.

Read more Here


What others are doing to Help

Sullivan County

Starting June 1st, the Capital Region Development Council will establish a Sullivan County Recovery Fund with a total of $300,000 set aside. Loans up to $25,000 for five years at 3 percent annual interest with payments deferred for three months will be offered to businesses with less than 20 employees throughout Sullivan County. Funds are restricted to payroll, inventory and payables.

Belknap County

An economist estimates that a modified redevelopment plan for the former Laconia State School campus will create 150 direct and indirect jobs, attract $7 million in private development and generate $160,000 annually in property taxes for the city.

Cheshire County

The COVID-19 pandemic has stopped many plans and projects in their tracks, but a proposal to build a business hub on Keene State College’s campus that would be focused on workforce training and innovation isn’t one of them.

New Hampshire Department of Health and Human Services

Businesses in need of disposable masks may submit a form to request masks from the State of New Hampshire here


SBA and the Secretary of State (SOS)


 Join our webinar to learn how the SBA and our partners can help your business start, grow, expand, or recover. See how to quickly it is to get up and running with the State of NH’s QuickStart Program.

June 4th, 2020

9-10:30 am

 Join Here


Join us Daily at 9 am

In response to the COVID-19 pandemic we are hosting a free daily webinar from 9 to 10 a.m. Monday to Friday to discuss  Paycheck Protection Program, the Economic Injury Disaster Loan and Advance, and Loan Options. 

Join Skype Meeting

Call in instructions:  +1 (202) 765-1264, confirmation #522409519


Resource Partners Assistance

Free assistance with reconstructing financial records, preparing financial statements and submitting the loan application is available from any of SBA’s partners:

Small Business Development Centers -NH SBDC
SCORE
Center for Women and Enterprise -CWE
Veteran’s Business Outreach Centers
or for more information 



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Ways to Connect with SBA New Hampshire:


Websitewww.sba.gov/nh
EmailNewHampshire_DO@sba.gov
Twitter: @SBA_NH