July 6, 2020 9:30 am – PPP extension

Good morning:  We hope you had a safe and healthy holiday weekend.

 

On Saturday, President Trump signed into law an extension of the Paycheck Protection Program.  The program was set to expire on June 30, but the law extends it through August 8.  Roughly $130 billion is still available to small businesses and non-profits.  Visit the Small Business Administration’s web site for more information at https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program.

 

Locally, Steuben County businesses are eligible for funding through the Emergency Relief Loan Program.  Thirty-month loans of up to $20,000 are available for working capital needs which have resulted from the COVID-19 pandemic.  REDEC is administering the loan program and can be reached at 607-962-3021 or info@redec.us for more information.