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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As the holiday season officially begins, CEO @EmilySkor spoke with TV and radio stations from across the country about how Americans can save money and help the environment by selecting higher biofuel blends like UNL88 at the pump. Take a look: fb.watch/9Cfw4CXanZ/

via @GrowthEnergy

I’m throughly disappointed that @EPA failed to meet their deadline for issuing biofuel blending requirements that would lower emissions & gas prices. Keeping biofuels in the U.S. clean energy agenda means ensuring fossil fuel companies can’t keep skirting their #RFS obligations.

via @RepCindyAxne

Earlier this month, we submitted a Notice of Intent to sue @EPA regarding its failure to timely fulfill the agency’s statutory obligation under the RFS to issue the 2022 RVO. That was 28 days before today's deadline of November 30. growthenergy.org/2021/11/02/gro…

via @GrowthEnergy

🛎 @EPA, today marks the statutory deadline under the RFS to issue the 2022 RVO. Failing to issue RVOs on time is a missed opportunity to address our climate challenge, provide consumers with continued lower-carbon choices at the pump, and contribute to the rural recovery. https://t.co/dheapJIHKz

via @GrowthEnergy