State Permit Deadlines, PPE Donations, and Small Business Payroll Protection During COVID 19
Provided below is more information on three items that may be of interest to LSPA members:
Emergency Order Extending State Permit Deadlines Governor Baker signed an emergency order on March 26, 2020 which essentially extends state permit deadlines and specifically addresses constructive approvals, hearing deadlines, decision deadlines, appeal rights, and more.
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Federal Payroll Protection Program for Small Businesses, including sole proprietors, independent contractors, and eligible self-employed individuals
The Federal government has expanded the Small Business Administration (SBA) 7(a) loan eligibility to include certain small businesses and other organizations. This includes small businesses and also sole proprietors, independent contractors, and eligible self-employed individuals
Brian Kindorf, the LSPA's bookkeeping/accounting contractor at Non Profit Capital Management www.npcm.com, reports that:
The loans will be made via SBA approved lenders - which means local banks will be administering this program directly. The application has not been released yet but you can always pro-actively contact your bank's lending department for details and information. Expect a few weeks for this program to get fully up-and-running - but maybe the SBA will move faster in this case.
More information from NPCM is provided here.
Additional information here.
Take care and be safe.
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