The Vermont District Office of the Small Business Administration has two Paycheck Protection Program weekly webinars. The PPP First and Second Draw webinar is held on Wednesdays at 9 a.m. and covers options, terms, eligibility, and the application process. The weekly PPP Forgiveness webinar is on Tuesdays at 11:30 a.m. and offers an in-depth look at the forgiveness process.
Also, the Small Business Administration has begun rolling out the Targeted Economic Injury Disaster Loan Advance, which provides businesses located in low-income communities with additional funds. Applicants do not need to take any action at this time. The SBA will reach out to those who qualify. An FAQ document has been posted with additional information.
And, in addition, the Stimulus Equity Fund is Vermont’s COVID-19 relief fund for those who were excluded from the federal stimulus because of their immigration status. Applications are now being accepted through March 1. If you were ineligible to receive a 2020 federal payment because of your immigration status, you may be eligible for relief from this program.