PPP Flexibility Act = Loan Forgiveness

Changes to the PPP that went into effect last week include:

• Lowering payroll expenses from 75% to 60% on PPP proceeds
• Extending the rehiring period to 24 weeks or Dec. 31, 2020
• Increasing the payment term to 5 years on new PPP loans

More details about the Paycheck Protection Program Flexibility Act here.

PPP Application Deadline Extended

As the deadline approached on June 30, the U.S. Congress extended the PPP loan application period until August 8. Read more here.  

EIDL Re-Opens to Eligible Businesses

Eligible small and agricultural businesses and non-profit organizations can apply an SBA Economic Injury Disaster Loan (EIDL) and EIDL Advance. Learn more.

SBA is continuing to process applications on a first-come, first-served basis. 

   Disaster Assistance Customer Service Center for EIDL / EIDL Advance

1-800-659-2955 (TTY: 1-800-877-8339) or disastercustomerservice@sba.gov

Resources as You Reopen  SBA COVID-19 Small Business Resources Find SBA Local Resource Partners  Find Local SBA Lenders Restart Kentucky Quick Links Team Kentucky COVID-19 Resources

• Kentucky Association of Counties COVID-19 Information

• Contact Your Local Kentucky Chamber of Commerce 

Meet Our New Kentucky Team Members

Kendria Rice-Locket is our Outreach and Marketing Specialist. She has experience in event and project management, strategy development, recruitment, training, and operations. ​A former University of Louisville basketball player, Kendria has a B.A. in Sports Administration from U of L and M.S. in Exercise Science & Health Promotion from the California University of Pennsylvania. Besides work, Kendria stays busy as a volleyball mom, volunteers and stays fit with Pilates.

Devin Davis is our new Program Support Assistant. She  graduated with a B.A. in English from the University of Kentucky. She previously worked as the Office Manager for a credit card processing company, helped start and grow a small business and has extensive experience in customer service, on-boarding and training new employees. Devin has two sons, ages 20 and 6. She enjoys reading and learning new skills. Devin has a strong customer service background and is focused on finding ways to assist others.

Get the latest information on SBA loans, small business resources and events. https://twitter.com/sba_kentucky

Webinars on COVID Recovery & Reopening Details here under Small Business Events. More events listed here, at this link or SBA Learning Center.

SBA Kentucky District Office

600 Dr. Martin Luther King Jr. Place, Room 188
Louisville, KY  40202 
Phone: 502-582-5971
https://www.sba.gov/ky

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