"Serving the County of Wise, the City of Norton, and the Towns of Appalachia, Big Stone Gap, Coeburn, Pound, St. Paul, and Wise."

US Chamber’s Small Business Guide and Checklist for Coronavirus Emergency Loans

 

https://www.uschamber.com/sites/default/files/023595_comm_corona_virus_smallbiz_loan_final_revised.pdf

 

As many of you are aware, the Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn.  Known as the “Paycheck Protection Program,” the initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency.  Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.

We are working with the US Chamber to provide a Zoom meeting for our chamber executives to make sure you understand all the programs available and can explain them to your member businesses.  Be on the lookout for the date and time soon for our US Chamber update.  To view the funding available for 501c6 organizations, please click here.

Also – don’t forget that we have a COVID-19 page on the VACCE website with local, state, and federal updates as well as websites and samples shared by your VACCE peers:

https://www.vacceva.org/covid-19/