Congressman Michael Guest updates GSDP on CARES Act – March 31, 2020
On Tuesday, March 31, Congressman Michael Guest of Mississippi updated the Greater Starkville Development Partnership’s board members, staff, and Committee of 100 members on details of the recently passed CARE Act. Visit guest.house.gov to sign up for Congressman Guest’s e-newsletter and receive the most up-to-date information for businesses and community members regarding the COVID-19 pandemic and resources available.
Navigate the Process of Receiving Coronavirus Assistance from the SBA
Kimco Realty has created a video to help small businesses navigate the process of receiving Coronavirus Assistance from the SBA. Watch the video below, and visit here for more information.
If your small business has been impacted by the COVID-19 pandemic, here’s how to apply for funding through the SBA Economic Injury Disaster Loan (EIDL) program. Maximum loan amount of $2M with an interest rate of 3.75% for small businesses, and up to a 30-year term. As we wait for details on applying for loans through the new Paycheck Protection Program (which does not require collateral, can be used to cover employee salaries, and is eligible for loan forgiveness) you can apply for an EIDL loan now – refinance the EIDL with the PPP, or apply for both and decide which one to take later if you qualify for both loans.
Posted by Kimco on Saturday, March 28, 2020