Yes, it is hard to keep up with the continual changes with funding opportunities. I hope each of you are doing as well as can be expected and if there is anything the Chamber can do, let me know at
As the new funding becomes available my suggestion is if you have not heard from SBA (EIDL) loan or your bank for the PPP apply again! I know it seems crazy but if you filed your SBA (EIDL) loan after 4/3 from everything I have read it suggests you re-apply.
At this point, better to be safe than sorry. I do know businesses that have applied to several different banks for their PPP and were able to get one approved.
TIME FOR YOUR THOUGHTS
- We are working on a survey that will be going out this week. The survey will assist us in planning the next several months. Be sure to take part in the survey, so both the City and Chamber know how we can help and your thoughts and ideas for Sausalito going forward.
Please be forthright in your answers so we can all work together to come out of this as strong as we can.
Included in this newsletter are some grants and programs available other than SBA & PPP for you to consider.
$260B open to businesses
$60B for specific lenders
$30B Community based lenders, small banks & credit unions
$30B for mid-sized banks and credit unions
$50B - loan reserves
$10B - advance reserves
The SBA portal is not open yet but it's time to get ready.
What is important is to get all
your information ready now
to be able to apply when it goes live. If you need assistance and are not already in the
Small Business Development Center
system, then sign up here:
If you are already connected with a SBDC Advisor, please reach out that person, today for their guidance.
Some banks and online lenders are still accepting PPP applications to get them ready for the new funding opportunity. Some businesses have had successes with