President Biden Signs PPP Extention Act
Attention Small Business Owners: President Biden just signed the PPP Extension Act of 2021 which extends the Paycheck Protection Program an additional two months until May 31st. The Act also provides an additional 30-days for the SBA to process pending applications.
Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration, states: “More than 8.2 million PPP loans have provided struggling small businesses with the relief they need to keep workers employed and make ends meets during this pandemic. The SBA remains dedicated to reaching the heart and soul of the nation’s urban, rural, and low-income communities – the smallest businesses – and removing barriers to access this vital relief.”
You now have until May 31st to apply for your first or second round of PPP funding. For more information, see the SBA’s full release here.
Rebuilding Lives and Businesses Press Conference with A Safe Haven and SBAC
The Small Business Advocacy Council and A Safe Haven have partnered up in the fight to Rebuild Lives and Businesses. The COVID-19 pandemic is causing people to lose their jobs, livelihoods and their homes. The situation is tragic. Small businesses continue to struggle. With winter coming and the pandemic showing no signs of waning, small businesses…
What can politicians do right now to help businesses?
With the resurgence of COVID-19 cases, we need politicians to support the small business community now. The SBAC’s Elliot Richardson explains some things politicians can do right now to help in his Business Ledger article! Read Article
501(c)(6) Relief
Stimulus for 501(c)(6) Organizations Small businesses, nonprofits, and chambers of commerce across the nation are struggling to stay afloat during the COVID-19 pandemic. While the CARES Act included relief for 501(c)(3) organizations, 501(c)(6)s were inexplicably excluded from this important legislation that would have provided significant aid to these crucial nonprofits, including local chambers of…
