In this issue we share news, resources & upcoming training opportunities.
News
Erin Lucas and Mateo Mackbee on a farm they’re building in central Minnesota, where they also run a restaurant, bakery and nonprofit. Photo: Andrea Ellen Reed for The New York Times
More than $130 billion in Paycheck Protection Program funding remains to help those impacted by COVID-19. Here's what you need to know:
Nonprofits and faith-based organizations, sole proprietors, independent contractors and those who are self-employed are all eligible.
Forgiveness is easier to qualify for with the PPP Flexibility Act signed into law in June. To qualify for forgiveness, at least 60% of the loan must be spent on payroll within 24 weeks of disbursement.
The new deadline to apply is Aug. 8, 2020. Find a MN PPP lender to start the application process.
