Having allocated the full $20 billion that was appropriated by Congress, the Small Business Administration will discontinue making Economic Injury Disaster Loan advances to new applicants.
Collaboration between NMSDC Business Consortium Fund and Midwest BankCentre could help Minority-Owned Business Enterprises navigate the SBA funding application process.
On Wednesday night, the U.S. Senate passed the House version of new Paycheck Protection Program legislation, thus lengthening the time for loan recipients to spend the funds and still qualify for forgiveness of the loans.
Because many states have taken the first steps toward loosening restrictions and reopening their economies during the COVID-19 outbreak, SEMA has compiled a state-by-state directory of closures and openings.
However, convention officials noted that, as the COVID-19 virus outbreak situation continues to evolve, it will monitor the decision and make updates if necessary.
