Tag: business financing

September Fundraising Clinic

Join us for a FREE 2-hour consultation with a professional fundraiser. They will review your questions in advance and talk with you about your fundraising goals and plans for the year.

Preference is given to organizations based in and led by communities of color and indigenous, immigrant and refugee, queer and trans, low-income communities, and others historically disenfranchised.

These services are free of charge and available by appointment only. Email brianna@communities-rise.org questions or to schedule!

Offered in partnership with AFP Advancement Northwest’s “Fundraisers on the Go”.

*Please note that all clinics have been moved online until future notice and we are offering clinics with increased frequency during this urgent time. Contact us for more details.*

communities-rise.org

Funding Still Available: SBA EIDL Program Update

Register here: https://pxlme.me/EIDLupdate2

 

We will provide simultaneous interpretation to assist non-English speakers. Indicate language preference when registering.

 

Small businesses and nonprofits still have time to apply for long term 30-year, low interest loans and small grants through the SBA’s Economic Injury Disaster Loan (EIDL) Program.

 

Join representatives from the U.S. Small Business Administration (SBA) as they provide updates and share everything you need to know about these EIDL programs. Translated versions of the EIDL application will also be available for notetaking during the webinar.

 

General EIDL Program Overview:

  • 30-year loans for up to $500,000 at a 3.75% fixed interest rate (2.75% for nonprofits) with no pre-payment penalty
  • Two grant programs, the $10,000 – Targeted EIDL Advance and the $5,000 -Supplemental EIDL Advance are earmarked for businesses in low-income communities. To be considered for these grants, an organization must apply for a loan. Organizations can be awarded grants even if they are denied a loan or decide not to accept it

 

Expected updates to the EIDL Program include:

  • Raising the maximum loan amount from $500,000 up to $2 million while also increasing the aggregate loan cap up to $10 million
  • A waiver of affiliation rules (that mirrors that of the Paycheck Protection Program)
  • Funds can now be used to pay down prior commercial debt and make monthly payments towards federal debt (including principal and interest payments)

 

We will host a Q&A session as time allows – feel free to submit your questions in advance when registering. If you are unable to attend the live webinar, please register to receive an email link to the recording.

 

New SBA PPP Forgiveness Portal Webinar

Register here: https://pxlme.me/PPPPortal2

Join us to learn more about the SBA’s New PPP Forgiveness Portal which was launched on Wednesday, August 4th. This portal allows businesses with Paycheck Protection Program (PPP) loans of $150,000 or less to submit simple forgiveness applications directly to SBA, as long as their specific lender participates in the portal. Over 600 banks have opted in, enabling over 2.17mm borrowers to apply through the portal — this represents 30% of loans $150,000 or less that have not yet submitted for forgiveness.

The webinar will review:

  • Who is eligible to use the SBA PPP Direct Forgiveness Portal
  • What information you will need
  • How to create a login and apply for forgiveness
  • Where to get help with your application

NOTE: all PPP borrowers are required to submit forgiveness applications within 10 months of the last day of your covered period in order to convert your loan to a grant that does not need to be paid back. For loans above $150,000, you will need to submit your forgiveness application directly to your bank lender.

We will host a Q&A session as time allows – feel free to submit your questions in advance when registering. If you are unable to attend the live webinar, please register to receive an email link to the recording.

Restaurant Revitalization Fund Info

The April 7 Restaurant Revitalization Fund (RRF) Webinar was postponed until April 14, 9:00 AM. As of April 7 we do not have publishable updated material critical to completing an application.  However, we do expect this information very shortly.

Here are the four critical pieces of information that we can share with you that are correct as of 4/7/2021.

  • If anyone has applied for or receives the Shuttered Venue Operators Grant (SVOG), they are not eligible for the Restaurant Revitalization Fund Grant (RRF).
  • Non-profits are ineligible to apply for RRF
  • Questions can be emailed to restaurants@sba.gov
  • Applicants are not required to have a DUNS number and not required to be registered with SAM.gov to apply for Restaurant Revitalization Fund Grant.

This webinar will provide information about the Restaurant Revitalization Fund portion of the American Rescue Plan Act within the Small Business Administration. The final rules and application are expected in a few weeks. Updated information will be provided in future webinars.

Topics covered:

  • Purpose
  • Eligibility
  • Restrictions
  • Grant Amounts
  • Grant Award Priority
  • How to calculate amount your business may be eligible to receive
  • Use of Funds

Q &A as time allows

The Presenter is John Morosco. John is a Washington SBDC Certified Business Advisor. He has extensive experience managing restaurants, hotels, assisted living facilities, and skilled nursing facilities. He owned an Italian restaurant.

John taught hospitality and business courses at the University of the Virgin Islands, where he was an assistant professor. John holds a Bachelor of Science in Hotel, Restaurant, and Tourism from Florida International University and a Master of Public Administration in Long-Term Care from the University of New Haven. See more about John here https://wsbdc.org/wenatchee-john-morosco/

Updates to PPP Loan Forgiveness Instructions

Register at:  https://wsbdc.ecenterdirect.com/events/99271478

This webinar will cover the new Coronavirus relief bill updates to the Paycheck Protection Program (PPP) loan forgiveness application and related instructions.

Representatives from the SBA and the Washington State Small Business Development Center (SBDC) will provide updates on the new PPP loan and loan forgiveness requirements:

Topics Covered:

  • PPP Basic Forgiveness Application Information
  • The PPP Loan Forgiveness Application Required Docs
  • Simplified Process for PPP loans under $150,000
  • Effect of the EIDL Advance
  • Retro-active elements of the new legislation
  • What you will need to be most successful in obtaining loan forgiveness
Presenters:
  1. Steve Burke, Washington SBDC Certified Business Advisor
  2. Ron Nielsen, Washington SBDC Certified Business Advisor
  3. Janie Sacco, Marketing and Outreach Specialist, Seattle District Office, U.S. Small Business Administration

A Zoom link for the webinar will be sent prior to the event to those who register.

Funded in part through a cooperative agreement with the U.S. Small Business Administration