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:

  • $50 billion for SBA’s Economic Injury Disaster Loan program
  • $10 billion for SBA’s Emergency Economic Injury Grant program

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.

  • Seek assistance from SBA District Office or local SBA Development Center on process, forms, and documentation required
  • More info found HERE
  • Application found HERE

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“We are pleased to see this first step toward removing onerous labeling and underground tank requirements and expanding access to E15 for American drivers,” said Growth Energy CEO Emily Skor. More on the latest from @EPA in @Reutersreuters.com/article/idUSL1…

via @GrowthEnergy

Important work still remains to defeat the offensive attempt by refiners to avoid biofuel blending obligations, and we’re confident the incoming Biden team will uphold campaign commitments to restoring integrity to the RFS. growthenergy.org/2021/01/15/gro…

via @GrowthEnergy

On E15, the best outcome is removing the E15 label entirely, and we look forward to working with the Biden Administration to address any remaining retail and infrastructure barriers to cleaner, more affordable fuel options. twitter.com/GrowthEnergy/s… https://t.co/6FkUMtrexe

via @GrowthEnergy

NEW → The EPA just announced it is: 1. Opening rulemaking regarding E15 fuel dispenser labeling + compatibility with underground storage tanks 2. Requesting comment on petitions for a waiver of 2019 + 2020 RFS growthenergy.org/2021/01/15/gro…

via @GrowthEnergy