Governor Baker extends closure of non-essential businesses & stay-at-home order until May 18, establishes a Reopening Advisory Board. Governor Charlie Baker’s emergency order requiring that all businesses that do not provide “COVID-19 Essential Services” close their physical workplaces will be extended until May 18th. Additionally, a Reopening Advisory Board has been established bringing together public health officials with leaders from the business community and municipal government to make recommendations on strategies to reopen the economy in phases based on health and safety metrics. Read the press release here.
Applications for the PPP loans and EIDLs resumed being processed yesterday. If you have applied for a PPP loan and received a loan number, the expectation is that you will likely receive the loan/grant during this second round of funding. If you did not receive a loan number, but applied for the PPP, you should reach out to their local lender for additional guidance. If you applied for an EIDL, your application is in a queue and should be processed (whether approved or denied). Unlike, the PPP loans, EIDLs are issued directly through the US Treasury, so to determine your status you must reach out to the SBA. This article details how to contact the SBA for loan status information.
The SBA’s non-emergency loans are still available to businesses. Businesses can apply for SBA traditional loans through an SBA participating lender. To view loans available to businesses outside of emergency loans, click here. Find a list of participating lenders here.
Looking to collect unemployment or direct employees to unemployment services?
If you are not sure where to start, begin with this informative overview put together by Senator Jason Lewis’ office that can be found here.
Local health care providers in need of PPE, particularly disposable, medical grade bouffant caps. If your business is selling PPE or you know of a distributor who has items available for sale, please email Megan Day at megan@stonehamchamber.org.
Webinars Happening this Week:
- Wed., April 29: Funding Options – What to Consider & Where to Find It Webinar
- Thurs., April 30: SBA Economic Relief for Small Business – Current Information, Steering Your Brand Through Crisis Webinar, Alternatives to the PPP Webinar & Marketing Strategy During & After the Crisis Webinar
For a full list of upcoming webinars, click here.