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A few notes from this Small Business Loan Zoom session.
As they say, thread.
Participants include @BridgetGainer, Robert Steiner from US Small Business Administration, a number of Chicago aldermen, Congressman Quigley, etc.
#twill
As they say, thread.
Participants include @BridgetGainer, Robert Steiner from US Small Business Administration, a number of Chicago aldermen, Congressman Quigley, etc.
#twill
Discussion now from @SBAgov Bob Steiner about the Economic Injury Disaster Loan program.
Goal--Provide working capital for small biz going forward (rent, biz mortgage, payroll)
"It& #39;s a keep your business in business loan" says Steiner.
Goal--Provide working capital for small biz going forward (rent, biz mortgage, payroll)
"It& #39;s a keep your business in business loan" says Steiner.
Steiner: "It applies to a broad range of profits and non-profits.....it& #39;s a direct loan from @SBAgov, as opposed to from a commercial bank."
Gainer: "I think it& #39;s also important....when you look at your expenses, it can include 1099 workers as well. "
Gainer: "I think it& #39;s also important....when you look at your expenses, it can include 1099 workers as well. "
Bob Steiner continues to note that the loan application should take ~30-45 minutes....."it& #39;s a program that is designed to be fairly seamless"
Steiner continues: "We have the paycheck protection program..another working loan capital program.designed to keep employees on staff."
Steiner continues: "We have the paycheck protection program..another working loan capital program.designed to keep employees on staff."
@BridgetGainer notes that the 40 questions regarding SBA matters have already been submitted in advance of today& #39;s Zoom session.
Bob Steiner notes that "we are incorporating technology to speed the process" and that disbursement of funds can be go out within 5 days.
Bob Steiner notes that "we are incorporating technology to speed the process" and that disbursement of funds can be go out within 5 days.
@RepMikeQuigley has joined this Zoom session to provide additional perspective.
The audio is a bit unclear at this point.
Ah, I hear it now: "This is....and a must be...inaudible...a public health crisis....the big issue is money for healthcare and transit...inaudible"
The audio is a bit unclear at this point.
Ah, I hear it now: "This is....and a must be...inaudible...a public health crisis....the big issue is money for healthcare and transit...inaudible"
@gainer clarifies some of Quigley& #39;s remarks:
"1.3 billion for @cta, $300 million for @fly2ohare...."
"1.3 billion for @cta, $300 million for @fly2ohare...."
Now to questions submitted for this SBA Zoom session.
First question: "Where are the grants?"
Bob Steiner describes the payroll protection program and its availability.
Details available on the @SBAgov site: https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp">https://www.sba.gov/funding-p...
First question: "Where are the grants?"
Bob Steiner describes the payroll protection program and its availability.
Details available on the @SBAgov site: https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp">https://www.sba.gov/funding-p...
Previously in this session, @BridgetGainer offered a review of IL, Cook County and City of Chicago assistance programs for small biz.
Here& #39;s the link to the @chicago& #39;s Small Business Resiliency Fund. https://www.connect2capital.com/partners/chicago-small-business-resiliency-fund/">https://www.connect2capital.com/partners/...
Here& #39;s the link to the @chicago& #39;s Small Business Resiliency Fund. https://www.connect2capital.com/partners/chicago-small-business-resiliency-fund/">https://www.connect2capital.com/partners/...
A participant in this SBA Zoom session asked a definitional question about the size of small biz& #39;s.
Here& #39;s a helpful chart from @SBAgov: https://www.sba.gov/document/support--table-size-standards">https://www.sba.gov/document/...
Here& #39;s a helpful chart from @SBAgov: https://www.sba.gov/document/support--table-size-standards">https://www.sba.gov/document/...
@BridgetGainer asks SBA& #39;s Steiner if there& #39;s any relief for commercial property owners if their tenants cannot pay.
In essence, the reply is yes there will be.
@BridgetGainer notes that there will be a list of responses submitted to those who signed up for this Zoom session.
In essence, the reply is yes there will be.
@BridgetGainer notes that there will be a list of responses submitted to those who signed up for this Zoom session.
