[OMS_MANAGERS] FW: JUST IN FROM SBA: If applying to small lender, do it ASAP, before midnight on April 29th TODAY!

Wed Apr 29 15:01:41 PDT 2020

Hi All,

I'm not sure how many of you are on this NAO COVID-19 specific listserv but they just sent out this announcement that I thought might be relevant to some of your orgs or your small businesses in your downtowns.

Katie

Katie Henry
Heritage Outreach Specialist
Oregon Heritage
Oregon Main Street
Oregon State Historic Preservation Office
(503) 986-0671
725 Summer St NE, Ste C - Salem, OR 97301
www.oregonheritage.org<http://www.oregonheritage.org/>
www.oregonmainstreet.org
www.facebook.com/OregonHeritage<http://www.facebook.com/OregonHeritage>
Oregon Heritage Exchange Blog<https://oregonheritage.wordpress.com/>
weekly Heritage News Listserv<http://listsmart.osl.state.or.us/mailman/listinfo/Heritage>

From: NAOForumCOVID19 at groups.io <NAOForumCOVID19 at groups.io> On Behalf Of Susan Parsons
Sent: Wednesday, April 29, 2020 2:58 PM
To: NAOForumCOVID19 at groups.io
Subject: [NAOForumCOVID19] JUST IN FROM SBA: If applying to small lender, do it ASAP, before midnight on April 29th TODAY!

JUST IN --
The SBA just issued the following statement on the Paycheck Protection Program:
"In order to ensure special access to the PPP loan program for the smallest lenders and their small business customers, the SBA is only accepting loans from lending institutions with asset sizes less than $1 billion from 4:00 p.m. EDT until 11:59 p.m. EDT on April 29, 2020. SBA is working to ensure that all eligible small businesses have access to this funding to sustain their businesses and keep their employees on payroll.
All lending institutions, regardless of size, will still be able to submit PPP loans outside of this timeframe. This reserved processing time currently only applies to April 29, 2020. In addition to ensuring access for the smallest lenders, we expect that providing this reserved processing time today will enhance the SBA's loan system performance for all users who submit loans outside of this time frame."

So, if you're applying to a small lender, do it ASAP, before midnight on April 29th.

Best Regards,

--Susan

Susan Parsons
Resources and Referral Manager
Office: 503-239-4001 ext.113 / Fax: 503-236-8313
sparsons at nonprofitoregon.org<mailto:sparsons at nonprofitoregon.org>

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--
--Susan

Susan Parsons
Resources and Referral Manager
Office: 503-239-4001 ext.113 / Fax: 503-236-8313
sparsons at nonprofitoregon.org<mailto:sparsons at nonprofitoregon.org>

Visit www.NonprofitOregon.org<http://www.nonprofitoregon.org/>

Strengthening the collective voice, leadership and capacity of nonprofits to enrich the lives of all Oregonians.
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