Growth Energy members may be eligible to apply for U.S. Small Business Administration (SBA) assistance for their small business starting immediately. Loans are available on a first-come-first-serve basis, so we recommend you look at your options ASAP.
Paycheck Protection Program (PPP) Loan
PPP provides 8 weeks of cash-flow assistance through SBA’s 7(a) loan program. These can be 100% fully-guaranteed loans meant to maintain payroll, retroactive February 15, 2020 to June 30, 2020.
On April 23, Congress approved a narrowly-tailored stimulus bill aimed at replenishing SBA’s Paycheck Protection Program (PPP). This bill gives plants a second opportunity to apply for funds, providing a $310 billion boost to PPP, including $60 billion set aside for smaller lending institutions. Other provisions in the overall Phase 4 stimulus package include:
Economic Injury Disaster Loan
SBA is also offering up to $2 million in low-interest, federal disaster working capital loans at 3.75% interest for small business. Businesses can request an advance up to $10,000 to provide paid sick leave to employees, maintain payroll, and pay other debts within three days of applying for the loan.
WASHINGTON, D.C. – Growth Energy CEO Emily Skor thanked members of the Congressional Biofuels Caucus for their efforts to deliver long-overdue relief to the biofuel sector in the next round of COVID-19 relief legislation. Led by Reps. Collin Peterson (D-Minn.), Rodney Davis (R-Ill.), Dave Loebsack (D-Iowa), and Roger Marshall (R-Kan.), 31 members of the caucus […]
WASHINGTON, D.C. – This week, Growth Energy submitted comments to the California Air Resources Board (CARB) following a July 15th workshop on Fuels and Infrastructure for a Carbon Neutral Economy. In his written submission, Growth Energy Senior Vice President of Regulatory Affairs Chris Bliley urged CARB to expand the use of higher biofuel blends to […]
The #RFS – signed into law 15 years ago – is key to growing the biofuel industry, advancing innovation, & providing consumers with cleaner, cheaper choices at the pump. On this anniversary, Iowans know that I will never stop fighting to uphold the RFS & defend their way of life. https://t.co/U6F175Hkol
15 years! Happy anniversary to the Renewable Fuel Standard, signed into law on this day in 2005. We've come a long way since then, and while we've had some tough times we know clearer skies are on the horizon. To each of our industry's supporters, thank you! https://t.co/F0MlKF47yW
Congressional #Biofuels Caucus urging negotiators of next #COVID19 relief package to include direct aid for #ethanol and #biodiesel https://t.co/ar8sEq5Zi2 #agnews @collinpeterson @EthanolRFA @GrowthEnergy @NationalCorn @brownfield
As negotiations over the next relief bill continue, the biofuel industry is reeling after staggering losses over the last several months. Whatever aid is passed must include support for biofuels, and our champions in Congress delivered that message to leadership today. https://t.co/yABlENMgUD