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.
On Sunday, October 18th, Austin Dillon placed 11th at Kansas Speedway while driving the American Ethanol Chevrolet. Dillon was pleased with the American Ethanol team’s result, but looks ahead towards another win at Texas Motor Speedway next weekend: “Overall, it was a good run for us. On to Texas Motor Speedway, where we will try […]
Earlier this week Growth Energy and CSP, the leading source for convenience store news, hosted an interactive virtual E15 workshop for retailers, where more than 2000 retail sites were represented. The workshop’s full agenda covered everything retailers would need to know to adopt E15. During the workshop, Growth Energy’s Vice President of Market Development Mike […]
Don't forget to register for next Wednesday. On Oct. 28 @EmilySkor and new @NationalCorn President John Linder will host a virtual town hall to discuss the opportunities on the horizon for corn and biofuel producers. Register here: fjwebinars.com/account/regist… https://t.co/gVnmtsiZ5s
It has been a real challenge for the Biofuels this year!!! Great to have the opportunity to visit with @EmilySkor and talk about the bright future of Biofuels!!! https://t.co/BLugDIcwSI
@GrowthEnergy CEO Emily Skor joined farmer and biofuel leader Kelly Nieuwenhuis for a virtual conversation on the biofuel landscape and top priorities for the agricultural community leading into the new year. @iowafuel #biofuels #bioethanol #US #farming https://t.co/NuzL7ZhFWz https://t.co/38khRWXCyo