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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Today in Michigan, with holiday drivers facing record-high gas prices, the state Senate Ag Committee approved legislation to expand access to lower-cost, lower-emissions biofuel blends for drivers in Michigan. growthenergy.org/2022/06/23/gro…

via @GrowthEnergy

New → Canada has released its finalized Clean Fuel Regulations, and they are a win for the Canadian consumer and low-carbon biofuels. growthenergy.org/2022/06/29/can… https://t.co/sz5VlK7MSL

via @GrowthEnergy

@FoxNews @sheetz E15 is available this summer thanks to @POTUS recent emergency waiver. Year-round E15 should be made permanent so these savings can be accessed by American drivers all year long.

via @GrowthEnergy

As seen on @FoxNews ⛽️ @sheetz is selling E15/Unleaded88 for $3.99/per gallon all weekend long to promote renewable fuel options and reflect the cost savings of E15 at stations across the country. https://t.co/RJBx9ztRYw

via @GrowthEnergy