Tag: business financing

Working Washington Grants Webinar

Up to $20,000 in emergency funding is now available to Washington State eligible small businesses in Round 3 of Working Washington Small Business Grants. These grants are prioritized for businesses in the sectors that are most impacted by the recent public health measures as well as businesses in sectors that have experienced significant, cumulative impacts. Learn more about Working Washington Small Business Grants in this Washington SBDC webinar facilitated by Steve Burke, Washington SBDC Certified Business Advisor. More information about Steve can be found here: https://wsbdc.org/south-seattle/

We will cover:

Who is eligible
How to show your business is impacted
How to apply
What the grant pays for
Documents and information you will need to have ready to upload into the Grant Portal which will be active by December 3rd
We plan to record this webinar. It will be available on demand at https://wsbdc.ecenterdirect.com/events

Instructions:
Zoom security protocols now require each participant have a Zoom account and be signed into their account from their computer or mobile device. https://zoom.us/ Test zoom at https://zoom.us/test

SBA Programs & PPP loan forgiveness updates

Register at: https://wsbdc.ecenterdirect.com/events/99271293

The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, has released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses

Representatives from the SBA and the Washington State Small Business Development Center (SBDC) will review the PPP Loan Forgiveness regulations and related applications.

This will be a one-hour presentation followed by 30 minutes of Q&A.

Topics Covered:

•PPP Loan Forgiveness Forms
•Changes from to PPP forgiveness application
•Definitions of Payroll Use, Costs, Covered Period & Time Frame
•Definitions of Covered Period
•Self Employed Individuals/Sole Proprietors
•Lender Process for Loan Forgiveness & Safe Harbors
•Documents needed to prove loan eligibility and forgiveness
•Deduction of EIDL Advance from Loan Forgiveness
•Representations, Certifications, Audits, Appeals

Step by Step Examples of the Loan Forgiveness Applications

Presenters:

Steve Burke, Washington SBDC Certified Business Advisor

Janie Sacco, Marketing and Outreach Specialist, Seattle District Office, U.S. Small Business Administration

Mark Costello, Deputy District Director, Seattle District Office, U.S. Small Business Administration
Instructions:

Zoom security protocols now require each participant have a Zoom account and be signed into their account from their computer or mobile device. https://zoom.us/ Test zoom at https://zoom.us/test

A Zoom link will be sent to registered participants before the event.

Simpler PPP Forgiveness for Loans of $50,000 or Less

The U.S. Small Business Administration, in consultation with the Treasury Department, has released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses while also ensuring sound stewardship of taxpayer dollars.

Join representatives from the U.S. Small Business Administration (SBA) and the Washington Small Business Development Center (SBDC) as they review the latest updates to the forgiveness process and what they may mean for you and your business.

Understanding the Options for Financing Your Small Business

Have a great idea for a product or business? Not sure how to get started? Join Startup425, the King County Library System, and seasoned professionals from SCORE for a series of online seminars focused on bringing your ideas to reality, from business plan preparation to financing, marketing, and networking. Making adaptations to address the economic conditions created by COVID-19 will be highlighted.

Each session will focus on a different aspect of the startup process, and participants may choose to attend one, multiple, or all sessions, depending on individual needs and interests.

Participants will exit the series with the skills and tools necessary to start or grow a business. They will be furnished with information on the resources available to assist in further refining business plans and strategies, pitching to financing partners, marketing a product or service, and buiding a support system of peers and mentors.

Understanding the Options for Financing Your Small Business

(Tuesday, October 27 from 6:00 to 7:30 p.m.). To register for this online seminar, please click on the green Register Box above.

Supported by:
Startup425
King County Library System
Greater Seattle SCORE

SBA Loan Updates and PPP Loan Forgiveness Application Process

This webinar will cover recent updates to SBA COVID-19 related PPP loan forgiveness application process.

Representatives from the SBA and the Washington State Small Business Development Center (SBDC) will review the PPP Loan Forgiveness regulations and related applications and instructions including how it changes the rules related to owner compensation, FTE counts, the 24-week covered period, non-payroll costs and more.

Questions will be answered as time allows

Topics Covered:

EIDL and PPP Loan Update information
PPP Flexibility Act, forms, unforgiven loan info
PPP Loan Forgiveness Application process
Definitions of Payroll Use, Costs and Time Frame
Qualifying for Form EZ
Self Employed Individuals/Sole Proprietors
Definitions of Covered Period & PPP Basics
Lender Process for Loan Forgiveness & Safe Harbors
Documents needed to prove loan eligibility and forgiveness
Deduction of EIDL Advance from Loan Forgiveness
Representations, Certifications, Audits, Appeals
Step by Step Examples of the Loan Forgiveness Applications

Presenters:

Steve Burke, Washington SBDC Certified Business Advisor

Janie Sacco, Marketing and Outreach Specialist, Seattle District Office, U.S. Small Business Administration

Mark Costello, Deputy District Director, Seattle District Office, U.S. Small Business Administration

Instructions:
Zoom security protocols now require each participant have a Zoom account and be signed into their account from their computer or mobile device. https://zoom.us/ Test zoom at https://zoom.us/test

You will receive a link to the webinar before the event. Zoom will request you to ‘register’ for the Zoom meeting.