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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More help is on the way for small businesses! politico.com/news/2020/06/0…

via @GrowthEnergy

Excited about this one: I'll be going on @OfficialRFDTV Monday evening with incredible rural champions @NFUDC to talk about the hardworking people in the biofuels industry. https://t.co/W6PV5mtRAR

via @EmilySkor

Tune in to @OfficialRFDTV Monday night for a conversation about the state of the farm economy and the biofuels industry, featuring @GrowthEnergy’s Emily Skor and NFU President Rob Larew. https://t.co/AdcbBeMW0o

via @NFUDC

"We’ve seen some survey results that more consumers are saying they are going to hit the road so that’s a good thing in terms of getting fuel demand back and recovering that momentum."  Some hope for summer driving here with @EmilySkor! brownfieldagnews.com/news/growth-en…

via @GrowthEnergy