Taking Advantage of the SBA Loans — CARES Act – MIT Club of Northern California

MITCNC Event

Taking Advantage of the SBA Loans — CARES Act

Apr 16 - Virtual Event

In parallel with generous new unemployment benefits, the CARES Act, to reduce layoffs, created aggressive SBA loan + loan forgiveness programs with strong incentives to help you keep your staff working and on payroll.

This event is for job creators -- including independent consultants. We will share insights, best practices on next steps to help you keep down the jobless claims:

Loans with forgiveness for small businesses:

PPP: Paycheck Protection Program - apply through private lender
EIDL: Economic Injury Disaster Loans - apply through SBA

Larger loans for businesses up to 10,000 employees:

MSLP: the Fed’s new Main Street Lending Program - apply through private lender

Start now — submit, review and up-vote questions: https://app.sli.do, code: MIT-SBA.

We will assume you at least started your research so can we have more time for Q&A.

U.S. Treasury on PPP: “Although the program is open until June 30, 2020, we encourage you to apply as quickly as you can because there is a funding cap and lenders need time to process your loan.”

MITCNC members: check out the #sba Slack channel.

In exchange for the value you receive from this event, we ask that you make a donation (in an amount of your choosing) to the MIT COVID-19 Response Funds.

MITCNC alums: Please make sure you are a current member of the club before registering. If you are unsure or would like to join the club, click here.

MIT CLUBS OUTSIDE OF CNC: Please ask your club representative for a special code for discounted pricing to this event.

Event Closed

Date and Time

Thursday, April 16, 2020
10:00 AM - 11:00 AM PT

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Primary Contact

Carlos Garcia

carlos@finhabits.com

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