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May 27, 2020 in Announcements
The purpose of the AK CARES Funding Program is to provide emergency relief grants to small businesses that were unable to receive support from the SBA Paycheck Protection Program (PPP), Economic Injury Disaster Loans (EIDL), or other federal funding programs under CARES Act. More
May 21, 2020 in Announcements
Learn How to Find Your Business’ Monthly Break Even The Alaska SBDC Director of Rural Program Development, Jennifer Adams, will be hosting a webinar for the McGrath community to present on learning how to find your business’ monthly break even. Financial projections are not only perfect for businesses who are seeking loans or evaluating the … Continue reading "6/3: Alaska SBDC Virtual Class in McGrath" More
May 11, 2020 in Announcements
The U.S. Small Business Administration (SBA) released an updated Paycheck Protection Program (PPP) Report detailing data from the second round of PPP funding through May 8. Round 1 of the PPPP saw 4,842 Alaskan businesses receive $922 million. As of May 8 in Round 2, 4,750 businesses have received $368 million. Total, 9,592 AK businesses have received … Continue reading "Paycheck Protection Program (PPP) Report – May 8" More
May 11, 2020 in Announcements
As we enter into the eighth week of the statewide hunker down order, we’re starting to see some light at the end of the tunnel. State and local officials have begun to ease up on the restrictions allowing businesses to operate, at least on a limited basis. Alaskan businesses have also started to see Paycheck … Continue reading "Alaska SBDC: Update from the Executive Director" More
May 8, 2020 in Announcements
From our friends at the United Fishermen of Alaska 5/7/20. Alaska is allocated for $50,000,000. Interstate marine fisheries commissions, Puerto Rico, and U.S. Virgin Islands will disburse funds to address coronavirus-related losses. Today, the Secretary of Commerce announced the allocation of $300 million in fisheries assistance funding provided by Sec. 12005 of the Coronavirus Aid, … Continue reading "Commerce Secretary Announces Allocation of $300 Million in CARES Act Funding" More
May 4, 2020 in Announcements
The SBA will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on a limited basis only to provide relief to U.S. agricultural businesses. The SBA is encouraging all eligible agricultural businesses with 500 or fewer employees wishing to apply to begin preparing their business financial information needed for their application. At … Continue reading "EIDL Open for Agricultural Businesses" More
May 1, 2020 in Announcements
Looking for information on your EIDL and/or PPP loan? Look no further, here is an in-depth update from the Small Business Administration (SBA): Information regarding the Paycheck Protection Program (PPP) As local financial institutions are delivering the Paycheck Protection Program (PPP) directly, they are the source for information regarding individual PPP applications in terms of … Continue reading "EIDL and PPP Processing Information from the SBA" More
April 17, 2020 in Announcements
The last few days have been a rollercoaster ride of good and bad news coming from Federal, state and local levels. Top of mind for most businesses is the announcement on April 15th that the Small Business Administration’s (SBA) Economic Injury Disaster Loan (EIDL) and Paycheck Protection Program (PPP) both ran out of funding and … Continue reading "Alaska SBDC: Update from the Executive Director" More
April 8, 2020 in Announcements
For the week of Spring Break, children in Wrangell enjoyed free lunch from J&W’s. With the outbreak of COVID-19 and the subsequent school closures, J&W’s is providing reduced rate lunch to children to ensure they do not miss a meal they otherwise would have had during regular school hours. Partnering with another local restaurant in … Continue reading "Highlighting: J&W’s Fast Food" More
March 30, 2020 in Announcements
The Small Business Administration (SBA) has made significant improvements to the Economic Disaster Relief Loan (EIDL) application website and submission process. Here is the new starting page for the SBA EIDL If you have not yet completed your application, it appears you will be starting fresh with the new submission process. Below is a synopsis … Continue reading "Alaska SBDC COVID-19 Update on SBA EIDL Process" More