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.
Celebrated the nation's second #E15 standard with @RFNebraska's Dawn Caldwell and Traci Menke. Thank you for your work getting #LB562 signed into law. Nebraskan families will see savings at the pump this summer! cc: @LadyOfAg https://t.co/uPgLthktdZ
It's a great day for Nebraskans! Thank you @TeamPillen and Senator Dorn for advocating for expanded access to #E15 in your state. https://t.co/VnvKCBCgys
Thank you, Governor @TeamPillen and our supporters in the Nebraska legislature for signing into law the Adopt the E15 Access Standard Act. We're excited to see the governor be one of rural America's most effective biofuels champions. https://t.co/0UJRimHuTp
I’m proud to work with my friend and @WaysandMeansGOP colleague @RepLaHood to hold Brazil accountable for its unfair and costly tariffs on #IA04 farmers and ethanol producers. The Biden Administration needs to get its act together and defend our family farmers and rural economy. https://t.co/wy3kEDy9Jk