The Brownsville Chamber of Commerce invites you to a webinar for more information on the U.S. Small Business Administration's Paycheck Protection Program on Tuesday, April 7, 2020, starting at 2 PM.
Angela R. Burton, District Director of the SBA Lower Rio Grande Valley District Office, will be addressing small businesses interested in applying for the SBA's Paycheck Protection Program, a $349 billion emergency loan program created with the President’s signing of the Coronavirus Aid, Relief, and Economic Security Act (CARES). The program provides forgivable loans up to $10 million to small businesses left financially distressed by the Coronavirus (COVID-19) pandemic. The loans, which will be administered at the local level by a national network of banks and credit unions, are designed to maintain the viability of millions of small businesses struggling to meet payroll and day-to-day operating expenses.
The loans, which are 100% backed by SBA, are being provided to small businesses without collateral requirements, personal guarantees, SBA fees, or credit elsewhere tests. Those eligible for the program include small businesses, certain non-profits, veterans’ organizations, self-employed individuals, independent contractors, and other businesses meeting size standards based on their North American Industry Classification System code.
For more information, please contact the Brownsville Chamber of Commerce at (956) 542-4341 or firstname.lastname@example.org.