PEO Education Loans Available!

Thanks to Mary-Brooke Barger from Mirabella Skincare for passing on this loan information available locally from our Island PEO Chapter IU  

• IU Foundation Fund:  Woman/family needs to be a resident of SJ County. Applicants must have completed at least one year of post-secondary education and be enrolled in established education programs. To be used to support education-related expenses. Recipients may use monies to help pay for tuition, books, travel related to course and other expenses that support their education goals.
•  IU Education Support Fund – up to $1000 for woman/family – must be a resident of SJ County and enrolled in an established education program.

The contact person is Gretchen Liebenberg and her email address is Stangret45@aol.com and she and her committee will be responsible for considering any funding application.

Restaurant Grant Registration Closes May 24!  

New deadline announced: Eligible eating establishments have until Monday, May 24 at 5 p.m. Pacific Time to submit applications to the Restaurant Revitalization Fund.  
You can register here: restaurants.sba.gov.  or call the support hot line at 1-844-279-8898.  

More information, including a number of no-cost training sessions, can be found here:

• www.sba.gov/restaurants or Spanish: www.sba.gov/restaurantes
• www.wha.fyi/rrf — Washington Hospitality Association’s RRF Toolkit
• https://wsbdc.ecenterdirect.com/events

Webinar Recording

If you were unable to attend one of the webinars held earlier this week which covered RRF program details and a demonstration of the application portal, you can watch the recording here.

Source:  SBA Pacific NW Regional Office

Applications open May 10. Deadline: May 24.
Eligible non-profits include:

• Organizations whose primary mission is to make improvements to a community’s social health, safety, well-being, and overall functioning within a well-defined geographic area.
• Sports and Recreation Organizations
• Veterans Organizations
• Arts, culture, science, and heritage organizations

For more information click here.

Although this grant is administered by ArtsFund, you do not have to be an arts organization to be eligible. You do need to be a 501(c)(3) non-profit or have a 501(c)(3) fiscal sponsor, have had an operating budget in 2019 greater than $25,000, and be based in Washington State.

Shuttered Venue Operators Grant NOW OPEN

EIDL Update – Loans still available!

Funding still available for new or increased Economic Injury Disaster Loans (EIDL) 
Whether you have an existing COVID-19 Economic Injury Disaster Loan (EIDL) and want to apply for an increase; or are interested in applying for an initial COVID-19 EIDL, funding is available for loans up to $500,000. The deadline to apply is Dec. 31, 2021 or until funds are exhausted.
Interest rates are 3.75% for profit and 2.75% for non-profit for a 30 year term. NEW – 2020 EIDL loan payments are deferred until 24 months from the date of the loan.  There is no pre-payment penalty.  Apply https://covid19relief.sba.gov/#/

The SBA also continues to receive and process applications for the Targeted EIDL Advance and Supplemental Targeted Advance. For more information about all three of these programs, visit the EIDL page of the SBA website.
Details on EIDL

Also, Applicants can send a request for reevaluation of a declined Targeted EIDL Advance application.  To ask for a reevaluation, email: TargetedAdvanceReevaluation@sba.gov. 

Source:  SBA Pacific NW Regional Office

PPP Update!

If you have not applied yet for a second draw PPP loan, you still can.  The current round of the Paycheck Protection Program (PPP) is reaching smaller borrowers (small businesses), with 94% of all loans going to businesses with 20 or fewer employees – but only until May 31, 2021 or until funds are exhausted. **new and important info** most of the PPP funds for this round have unfortunately been depleted. There is still some capacity to accept PPP applications by the state’s Community Development Financial Institutions (CDFIs), only some of which are accepting PPP applications. We are keeping an updated list of CDFIs accepting PPP applications on  https://www.smallbizhelpwa.com.

Source:  SBA Pacific NW Regional Office