CARES Act PPP Guidelines Emerging | Annual Report Filings Pushed BackMarch 31, 2020
Multiple topics in one email are a lot to take in, but we think this will be of interest to many businesses in our community.
PAYCHECK PROTECTION PROGRAM
Much anticipated guidelines for the Paycheck Protection Program of the CARES Act were released by the SBA today. SBA provides that lenders may begin processing applications as soon as April 3. Important details, as outlined on the SBA website, include:
- This program is for any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by coronavirus/COVID-19.
- You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.
- If you wish to begin preparing your application, you can download a sample form to see the information that will be requested from you.
DIVISION OF CORPORATIONS ANNUAL REPORTS FILING EXTENSION
The annual report filing deadline for Florida business entities has been suspended until June 30, 2020 per Department of State Emergency Order 2020-01. This includes any corporation, limited liability company, limited partnership or limited liability limited partnership entities required to file an annual report with the Florida Division of Corporations. For more information, please visit the Division of Corporations website.
We know that information is coming fast and furious. We continue to make sure you (our members) know as soon as we know.
Remember: To help make sure your business and employees have access to official information, please visit Santa Rosa Ready
We are grateful for the many conversations we have had with many of our members, friends and community leaders over the past several weeks. In the face of so much uncertainty, your leadership, concern and compassion are showing how much we are all in this together!
Please let us know if there are topics we need to research more for you.
You’ll also receive an e-blast from us soon outlining several networking and webinar opportunities being scheduled for April.
I hope this email finds you healthy and reassured that we will recover – as a community, county, region, state and country. It is a privilege to serve you.
Please be well and take care of yourself & your family!
Chanda Ryan, Executive Director
Navarre Beach Area Chamber of Commerce
850.939.3267 - OFFICE
850.400.0466 - MOBILESent from my iPhoneChanda RyanContact:Chanda Ryan, Executive DirectorChanda.Ryan@NavarreChamber.com, (850) 939-3267