PAYROLL PROTECTION PROGRAM LAUNCHES
Dear Member: APPLY NOW – starting Friday, April 3rd - for the Small Business Administration’s PAYCHECK PROTECTION PROGRAM (PPP) which provides forgivable loans when money is used for payroll, rent, mortgage interest or utilities. Small businesses (including individuals who are self-employed or independent contractors and who meet certain standards), eligible nonprofit organizations, veterans organizations, and tribal businesses may qualify for financial assistance.
There is a funding cap on this program so apply immediately! Click below for the PPP application and lender information or contact your local banking partner. Entegra/First Citizens Bank and United Community Bank are SBA-preferred lenders.
Spanish translation available at sba.gov/espanol
Paycheck Protection Program
This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program. Learn more
For more information on these and other programs, watch for the Cashiers Area Chamber’s timely and focused communications about national, state and local resources available for $mall Business $upport. Your Chamber continues to work diligently to identify assistance opportunities for you, our valued members. During this health crisis and always, we will serve as the Cashiers Area strongest business Advocate to ensure your successful transition through this challenging time and into a prosperous economic recovery.
Other SBA small business assistance is available through the following programs:
EIDL Loan Advance
This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties. Learn more
SBA Express Bridge Loans
Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. Learn more
SBA Debt Relief
The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic. Learn more