Are you a small business owner with questions about SBA’s Paycheck Protection Program (PPP) Loan Forgiveness and COVID-19 Economic Injury Disaster Loans (EIDL)?
Join OzSBI and representatives from the U.S. Small Business Administration and the Missouri SBDC at Missouri State University as we launch Webinar Wednesday with a discussion about both programs. Attendees will learn about the PPP Direct Forgiveness Portal and the COVID Revenue Reduction Score which may eliminate the documentation requirement for 25% revenue reduction on PPP Second Draw loans $150,000 or less (for loans that receive a pass score from SBA).
Attendees will also learn about SBA’s COVID-19 EIDL. This low-interest disaster loan could be of particular interest if you are a small business owner focused on recovery. Qualified small business borrowers may receive up to a $2,000,000 EIDL loan at 3.75% 30-year fixed rate. In addition, applicants for the COVID-19 EIDL may be eligible to receive up to $15,000 in funding from SBA that does not need to be repaid. The application deadline for the SBA’s COVID-19 EIDL is December 31, 2021. Participation in this webinar is free, but pre-registration is required.