PPP and EIDL resources Email
Thursday, April 16, 2020 02:00 PM

Over the last few weeks, ALCC has gathered a number of resources related to understanding the process of applying for PPP and EIDL loans. We've assembled them here for reference. We ask that you contact your Congressional representatives and senators and urge them to support the release of additional funds for these programs in order to address the many small businesses that were unable to be approved before the funds from the first relief packages were exhausted. New resources and news on any additional funds will be shared at www.alcc.com/covid and on our blog as they become available.

From SBA, which manages PPP:

Economic Injury Disaster Loans (EIDL) program - program overview from the benefits.gov portal

Small Business Majority has a variety of resources, including recorded webinars, including Ask a Lender & a State Agency: COVID-19 Funding in Colorado and COVID-19 Disaster Relief: Resources and funding options for impacted small businesses. These webinars are an excellent source of advice and recommendations for applying for business relief.

US Chamber of Commerce guide to the CARES Act includes a webinar on Understanding the Paycheck Protection Program and information about EIDL loans. They also issued at Coronavirus Emergency Loans Small Business Guide and Checklist.

America's SBDC has a number of resources regarding small business relief, including a helpful Coronavirus Pandemic Disaster Loans Comparison.

The Senate Committee on Small Business & Entrepreneurship issued The Small Business Owner’s Guide to the CARES Act

Small Business Association offered interim guidance on PPP the evening before applications were slated to open. Journal of Accountancy offered its take on what businesses applying for PPP need to know.

The Federal Reserve announcement of available loan funds and term sheets for the various loan programs is available here.