Updates on PPP, EIDL and resource for RRF from EDC

||| FROM ECONOMIC DEVELOPMENT COUNCIL |||

Email address for support: leighj@seattlechamber.com
Source: Washington Economic Development Association

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.

Shuttered Venue Operators Grant STILL OPEN!

Grant for live venues, theaters, producers, performing arts, museums, movie theaters, talent agents. Click here to apply: Shuttered Venue Operators Grant (sba.gov).

Next Steps Guide for RRF Award Recipients!

New National Restaurant Association “Next Steps” Guide: The National Restaurant Association has created a “Next Steps” Guide with resources for record-keeping, reporting and eligible expenses for RRF award recipients:
https://restaurant.org/downloads/pdfs/business/rrf-now-what.pdf

Source: National Restaurant Association

EIDL Update – FAQs about funds returned.
Loans still available!

Update: SBA recently posted FAQs about funds returned by banks for Targeted EIDL Advance and Supplemental Targeted Advance. When a bank returns Targeted EIDL Advance or Supplemental Targeted Advance funds to SBA, the funds cannot be immediately re-disbursed. SBA is working to mitigate this issue.
Read the FAQsFunding 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 EIDLAlso, 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