2020-4-16

Small Business Administration out of Funds

SBA announced that it is out funds after only two weeks, and is not accepting applications from small businesses.  1,637,000 applications valued at $339 Billion were accepted.  This affects island business looking for relief through Payroll Protection Program.  Applications for the PPP funds commenced April 3.  Applicants were initially taken only from for profit entities.  Nonprofits applications followed the following week.

Congress continues to debate additional funding.

-- From Sam Williams

Chamber Chats-- New federal Payroll Protection Program and other aid that can help non-profit organizations

For Vashon Nonprofit organizations: The Chamber of Commerce webinar series, Chamber Chat, will next be held on Thursday April 16th, 9 a.m. to 9:45 a.m. The topic will be the new federal Payroll Protection Program and other aid that can help non-profit organizations with Jay Williamson and Lynn Greiner. For more information or to register visit https://www.vashonchamber.com/.