TODAY 6PM: PPP Strategies & Resilient Re-Opening

Massachusetts District Office - June 2020

u s small business administration

TODAY 6PM: PPP Strategies & Resilient Re-Opening

ALL ARE WELCOME!

Join us today for Part 3 of our Town Hall series!

We will be joined by food entrepreneurs, industry influencers, a children's book author, an elected official, community leaders, and SBA officials sharing advice and resources for re-opening.  

REGISTER


AGENDA:

6:05 PM Open call

WELCOME

  • Wendell Davis, SBA New England Regional Administrator 
  • Christine Keung, SBA New England

OPENING REMARKS

  • Lorna Randlett, Founder and CEO of Leaders Forum

KEYNOTE

  • Sabrina Moyle, Author and Co-Founder of Hello!Lucky

COVID-19 ASSITANCE

  • Wendell Davis, SBA New England Regional Administrator 
  • John Xu, SBA CT Lender Relations / International Trade Specialist
  • Tram Nguyen, MA State Representative for the 18th Essex District

FOOD ENTREPRENEUR PANEL
Sharing PPP strategies and best practices for re-opening

  • Joanne Chang, Owner of Flour Bakery and Myers + Chang
  • Alyssa Lee, Business Manager at Mei Mei Kitchen
  • Swati Elavia, Founder of Monsoon Foods

SBA PPP/EIDL UPDATES & HOW TO FIND HELP

  • Norman Eng, SBA Massachusetts
  • Yvonne Garcia, Small Business Strong
  • Sarika Mendu and Narmeen Haider, MBAs Fight COVID


SMALL BUSINESS RESLIENCE
• Kham Inthirath, Inthink Agency
• Kevin Seo, YunExpress/Hub

QUESTIONS & ANSWERS

CONCLUDE CALL


AAPI Town Hall

Recovery & Resilience for Faith Based Communities (Call) - Monday, June 22nd @ 5 pm

Monday, June 22, 2020 at 5:00 pm EDT

Please join a SBA Recovery & Resilience Access Live event for the faith-based communities across America.  Faith based leaders, members, and faith-based non profits are welcome to join this call- it is open to the public. The call will highlight current resources available to you as we navigate the fluid waters during this COVID-19 Pandemic.

Join Live @ 5:00 pm EDT on 6/22 To Listen Live Here

Listen to livestream (www.access.live/SBA) Or Call 833-380-0652 at

5:00 pm EDT on 6/22 to be connected to the interactive Call


SBA and Treasury Announce New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program

WASHINGTON —Today, the U.S. Small Business Administration, in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020.  In addition to revising the full forgiveness application, SBA also published a new EZ version of the forgiveness application that applies to borrowers that:

  • Are self-employed and have no employees; OR
  • Did not reduce the salaries or wages of their employees by more than 25%, and did not reduce the number or hours of their employees; OR
  • Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25%.

The EZ application requires fewer calculations and less documentation for eligible borrowers.  Details regarding the applicability of these provisions are available in the instructions to the new EZ application form. 

Both applications give borrowers the option of using the original 8-week covered period (if their loan was made before June 5, 2020) or an extended 24-week covered period.  These changes will result in a more efficient process and make it easier for businesses to realize full forgiveness of their PPP loan. 

Click here to view the EZ Forgiveness Application.

Click here to view the Full Forgiveness Application.


Disclaimer: The SBA does not endorse the organizations sponsoring linked websites, and does not endorse the views they express or the products/services they offer.  All programs and services are extended to the public on a nondiscriminatory basis.