Date: 4/13/20 Time: 12:00 PM – 1:00 PM
Format: Online Webinar
Fee: No cost due to sponsor support
Co-Sponsor(s): Blue Ridge Community College Small Business Center, Henderson County Chamber of Commerce, Brevard/Transylvania Chamber of Commerce
Learn about the Paycheck Protection Program and how it may help your business.
The program would provide cash-flow assistance through 100 percent federally guaranteed loans to employers who maintain their payroll during this emergency. If employers maintain their payroll, the loans would be forgiven, which would help workers remain employed, as well as help affected small businesses and our economy snap-back quicker after the crisis.
PPP has a host of attractive features, such as forgiveness of up to 8 weeks of payroll based on employee retention and salary levels, no SBA fees, and at least six months of deferral with maximum deferrals of up to a year.
Small businesses and other eligible entities will be able to apply if they were harmed by COVID-19 between February 15, 2020 and June 30, 2020. This program would be retroactive to February 15, 2020, in order to help bring workers who may have already been laid off back onto payrolls.
Speaker: Gary Heisey, Brand and Marketing Expert with Brand Door