The WCOED is partnering with the Wyandot Chamber of Commerce to bring the Wyandot business community an opportunity to connect with local financial advisers and lenders working with the new and updated SBA lending programs in response to COVID-19.
Join us this Monday, April 20th at 10:00 a.m. for an opportunity to have your questions answered.
RSVP to Amanda Fleming to receive the Zoom meeting information.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act has been signed into law. This Act provides additional assistance for small business owners through the US Small Business Administration (SBA). Emergency Economic Injury Grants can provide up to a $10,000 Advance (which does not have to be repaid) on the Economic Injury Disaster Loan (EIDL) for emergency capital. It also includes the Paycheck Protection Loan Program, which offers 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.
See resource: Small Business Owners Guide to CARES Act