Posts Tagged ‘SBA’

Wednesday, May 6, 2020

ANCA small business survey reveals majority still waiting on aid

In a recently conducted survey help better understand the impact the CARES act is having on North Country businesses, ANCA learned the following:

  • that out of the 119 business that responded, 3% were unable to apply due to limitations during the application process.
  • 95% of businesses applied to EIDL, PPP, or PUA programs, and of those that applied,
  • 62% did not hear from the program they applied to.
  • 21% have heard that they were approved for assistance,
  • and 8% received assistance.

ANCA staff will be following up with respondents of the survey during the coming weeks to continue to gather information about their experience with the stimulus programs. If you would like to contact ANCA and contribute your CARES act experience but did not take the survey, you can contact them at [email protected].

 


Tuesday, April 7, 2020

COVID Update: Loans & Resources for Small Businesses

The Village of Saranac Lake Community Development Department and the Small Business Administration have released an update on loans and resources available for small businesses to help them persevere through this current public health crises.

Economic Injury Disaster Loan (EIDL) is a program intended to help cover working capital, pay fixed debts, payroll, accounts payable, other bills that can’t be paid because of the disaster.

EIDL Loan Advance are grants which provide emergency advances of up to $10,000 for small businesses and private non-profits negatively impacted by COVID-19 within 3 days of applying for an SBA EIDL, an economic injury disaster loan. The advance does not need to be repaid.

 

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Monday, March 23, 2020

Webinar for small businesses impacted by Covid-19

Are you a small business owner negatively impacted by the coronavirus outbreak? The U.S. Small Business Administration (SBA) is offering some ways to help.

The North Country Chamber of Commerce and SCORE have teamed up to host a webinar from 11 a.m. to noon on Tuesday, March 24, for small business owners to learn more about their options.

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