Wednesday, July 15th, 12:00 p.m.
NFIB Webinar: Your EIDL and PPP Loan Questions Answered — SBA’s Loan Experts Explain the Rules
Join special guests, SBA representatives Kathy Cook and Melissa Loder, both experts in SBA loan programs, as they join NFIB’s Beth Milito and Holly Wade to dig into the details of SBA loan relief.
Economic Injury Disaster Loans, in particular, carry terms that may cause business owners to inadvertently default, so EIDL borrowers want to make sure they understand the rules.
The webinar will cover:
- Loan types: Payroll Protection Program (PPP) and Economic Injury Disaster Loan (EIDL)
- Spending rules for the EIDL program and understanding how the EIDL and PPP work together
- How to ensure you achieve maximum PPP loan forgiveness
As always, the presenters will save time to answer your individual questions. You can submit your questions in advance by emailing firstname.lastname@example.org
Wednesday, July 22nd, 12:00 p.m.
NFIB Webinar: PPP Loan Forgiveness Application Step-by-Step Live
Join NFIB’s PPP experts, Beth Milito and Holly Wade, as they walk through a live line-by-line demonstration on filling out the PPP loan forgiveness application followed by Q&A.
The webinar will cover:
- How to fill out Form 3508EZ
- How to complete the FTE calculations and Schedule A and Schedule A Worksheet
- Common FAQs and mistakes when filling out the application
As always, we’ll save time to answer your individual questions. You can submit your questions in advance by emailing email@example.com
. Participants will also have the opportunity to chat in questions to be answered during the webinar by NFIB staff who will be standing by ready to answer live.
Beginning July 20, a new low-interest loan program is available to small businesses throughout Maryland that have been negatively impacted by the COVID-19 pandemic. Governor Hogan recently announced
that an additional $50 million was allocated for small businesses in need. Specifically, $5 million is being designated to Maryland Commerce’s MSBDFA – or the Maryland Small Business Development Financing Authority
– which promotes the viability and expansion of businesses owned by economically and socially disadvantaged entrepreneurs. The new MSBDFA Program – COVID-19 Emergency Relief Loan Fund
provides emergency financial relief to eligible businesses that have experienced economic hardship due to the ongoing pandemic with low-interest rates and low-documentation loans. Five-year term loans ranging from $25,000 to $200,000 will be available with an interest rate of zero percent for the first 12 months and two percent for the remaining term of the loan. The state program is managed by a private contractor, Meridian Management Group
, who will be processing applications on a first-come, first-served basis. To learn more about the new program, find eligibility criteria, or apply for a loan, visit the MMG website
CHAMBER SURVEY: TELL US HOW YOU ARE DOING AND WHAT YOU NEED
As businesses and nonprofits continue to reopen and adjust to operating in the current coronavirus environment, we want to know how you are doing, as well as what support and services you may need. Our goal is to help you receive the support you need and to address the problems you are currently facing. We will use the information we receive to advocate on your behalf with our local, state, and federal officials. Please take just a few minutes now to complete this short 5-question survey created by the Washington Co. Chamber of Commerce – CLICK HERE
. By doing so, it will help us to help you.