To All Local Businesses:
We understand this is an incredibly difficult time for all our local businesses. The Coronavirus has disrupted our normal way of life and business and we know that it is especially difficult for our small businesses. We are here to help in any way we can. To that end, Mayor Furman and Town Councilmember Conor Crimmins have been working with knowledgeable residents and representatives from our local banks to compile and distill information related to the Coronavirus Paycheck Protection Program loans from the Small Business Administration (SBA).
Please find attached
SBA's PPP Letter from Mayor Furman
a letter from the Mayor and Council explaining the unique opportunity provided by SBA’s Paycheck Protection Program. The vast majority of businesses in town qualify for what, in effect, are grants under this program. That money can be used to keep your workforce on the payroll even if your business is closed or operating on reduced hours, and pay a portion of your rent, utilities and interest on existing debts.
The money is provided on a first come, first served basis and local banks started taking applications today (April 6, 2020). We strongly encourage you to take a close look at this program and see if it is right for you.
We have attached some information about this program. In addition, Councilmember Crimmins will be hosting a webinar on the SBA PPP loan program tomorrow, Tuesday, April 7th at 11:00am. That webinar will be recorded and posted on the town’s website along with his slides:
TOK.md.gov/small-business-administration-webinar.
You may attend the SBA PPP webinar with Councilmember Crimmins via GoToMeeting:
Town of Kensington SBA PPP Loan Program Overview
Tue, Apr 7, 2020 11:00 AM - 12:00 PM (EDT)
Please join my meeting from your computer, tablet or smartphone.
You can also dial in using your phone.
Access Code: 259-714-037
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Thank you for your consideration of this unique opportunity during this difficult time.
Please feel free to share this eblast with other local businesses.
On behalf of the Town of Kensington and the Town Council,
Mayor Tracey Furman
