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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To achieve net-zero emissions and decarbonize the transportation sector, biofuels must be part of the solution. According to recent scientific research from @rhodium_group, #biofuels must play a role in our nation's climate agenda that @POTUS has put into place. #ClimateChange https://t.co/9QIfRdcihX

via @GrowthEnergy

Our friends at @mncorn announced a commitment of $1 million for ethanol infrastructure grant programs. This is huge investment in the future of higher blends of ethanol, and we look forward to working together to increase access to lower-carbon fuels! growthenergy.org/2021/04/15/min…

via @GrowthEnergy

.@POTUS's infrastructure plan should include expanding access to low carbon #biofuels, like plant-based ethanol, that can help us reduce emissions today. Thank you @RepCindyAxne. twitter.com/RepCindyAxne/s…

via @GrowthEnergy

.@RepCindyAxne is fighting to include #biofuels in any infrastructure legislation to be considered by Congress. To decarbonize the transportation sector, low-carbon fuel options like biofuels MUST be part of the solution. Thank you for taking action! twitter.com/RepCindyAxne/s…

via @GrowthEnergy