COVID19 UPDATE
April 1, 2020
FEDERAL ACTION
STATE ACTION
Today, Gov. John Bel Edwards announced a new Louisiana Loan Portfolio Guaranty Program, which will offer loans of up to $100,000 to Louisiana small businesses of fewer than 100 employees that are impacted by the COVID-19 crisis.

To help Main Street and rural businesses sustain operations, the loans will require no payments for 180 days and carry below-market interest rates of no more than 3.5 percent.

The Loan Portfolio Guaranty Program, or LPGP, is a partnership of Louisiana Economic Development, which will provide a loan guaranty fund; the Louisiana Bankers Association, whose membership will provide the loans; and the Louisiana Public Facilities Authority, which will administer the program. A total loan pool of $50 million will be quickly disbursed to eligible small businesses across Louisiana.
ACEC COVID19 WEBINAR SERIES
If you missed yesterday's ACEC Webinar:
COVID-19 Potential Effects on Overhead Deadlines, Allowable Costs, and Steps to Take Now.

click here to stream the recording ,

Today's webinar recording
Next scheduled webinar:
  • Thursday, April 2nd, 12:30-1:30 PM CST
  • Presenters: Barbara Irwin, HR Advisors Group, LLC and David Cohen, Matheson Financial Advisors 
To access all past ACEC COVID19 webinars click below.
CARING AND SHARING
ADDITIONAL WEBINARS:

T opic: Understanding SBA Economic Disaster Loans
Description: Small businesses across Louisiana who are experiencing economic loss due to COVID-19 are now able to access the SBA’s Economic Injury Disaster Loans (EIDL).

This event is co-hosted by the SBA Louisiana District Office. Jo Ann Lawrence, Deputy District Director, SBA Louisiana District Office will provide insights into the process and be available to answer your questions.

All small businesses interested in learning more about EIDLs are welcomed to attend. Registration required. 

When: Apr 2, 2020 02:00 PM Central Time (US and Canada)
Topic: Understanding SBA Economic Disaster Loans -- Learn more about EIDLs, including:
  • Eligibility Requirements
  • Loan Terms
  • Supporting Documentation
  • Online Application Process **New Streamlined Process**
  • Up to $10,000 Advance
 Register in advance for this webinar:
Click title for details and to register:
ACEC BLOG WITH COVID19 UPDATES
This blog site adds several articles and information every day relevant to engineering firms and COVID19.