Dedicated to training and assisting women in business or those who want to start a business.

New Policy Updates to the PPP Program

SBA and Treasury have released new policy updates to the PPP program. In particular, this rule updates and clarifies the forgiveness procedures from the PPP Flexibility Act and the new forgiveness forms. Please READ this rule and the new forgiveness applications. Highlights from the Rule: Businesses may apply for forgiveness at any time during the Covered Period once they meet…

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SBA and Treasury Announce New PPP EZ Forgiveness Application

ATLANTIC REGION  New York, New Jersey, Puerto Rico & U.S. Virgin Islands Release Date: June 17, 2020                               SBA and Treasury Announce New PPP EZ Forgiveness Application Revised Full Forgiveness Applications Also Available WASHINGTON—Today, the U.S. Small Business Administration, in consultation with the U.S. Department of…

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SBA and Treasury Announce New and Revised Guidance Regarding the Paycheck Protection Program

The U.S. Small Business Administration, in consultation with the U.S. Department of the Treasury, issued new and revised guidance for the Paycheck Protection Program (PPP). This guidance implements the Paycheck Protection Program Flexibility Act (PPPFA), signed into law by President Trump on June 5, 2020, and expands eligibility for businesses with owners who have past felony convictions. To implement the…

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New Website for Small Businesses: Resources Related to COVID-19 Pandemic

AWBC has recently launched a new website at the request of U.S. Congress and the SBA to consolidate federal agency information and resources for small businesses related to the COVID pandemic at www.covid-sb.org

SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application

ATLANTIC REGION  New York, New Jersey, Puerto Rico & U.S. Virgin Islands  Release Date: May 15, 2020                                Contact:  Press_Office@sba.gov, (202) 205-7036  Follow us on Twitter, Facebook, Blogs & Instagram SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application WASHINGTON—The U.S. Small Business Administration, in consultation with the U.S Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions…

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Paycheck Protection Program Funds Still Available Round Two still has over $100 Billion for Borrowers in Need

ATLANTIC REGION  New York, New Jersey, Puerto Rico & U.S. Virgin Islands  NEW YORK, NY – Billions of dollars in potentially forgivable Payroll Protection Program (PPP) capital remains available to small businesses and nonprofits to help provide eight weeks of payroll and certain overhead to keep workers employed. PPP, created out by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, is responsible for infusing…

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Joint Statement by SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin on the Resumption of the Paycheck Protection Program

Administrator of the U.S. Small Business Administration Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today on the resumption of the Payroll Protection Program (PPP): “We are pleased that President Trump has signed into law the Paycheck Protection Program and Health Care Enhancement Act, which provides critical additional funding for American workers and small businesses…

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Paycheck Protection Program (PPP) Loan

Helping Small Businesses Survive During these turblent times, we are committed to our small business Members and are pleased to be participating in the Paycheck Protection Program (PPP) Loan as a way to help them. This program is part of an initiative the government recently passed called the Coronavirus Aid, Relief and Economic Security (CARES) Act, which assists small businesses with efforts like the Paycheck Protection…

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SBA’s Paycheck Protection Program for Small Businesses Affected by the Coronavirus Pandemic Launches

One of Multiple Economic Relief Provisions to Protect Workers and Small Businesses Release Date: Friday, April 3, 2020 Release Number: 20-30 Contact: Press_Office@sba.gov, (202) 205-7036 WASHINGTON – The U.S. Small Business Administration Administrator Jovita Carranza today launched the Paycheck Protection Program, a $349 billion emergency loan program created last week with the President’s signing of the Coronavirus Aid, Relief, and Economic Security Act (CARES). The program provides…

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Breaking News: SBA NY-Statewide Disaster declaration

SBA Administrator Jovita Carranza has approved a statewide disaster declaration for NY. Eligible small businesses may now apply for SBA Economic Injury Disaster Loans (EIDL) online at https://disasterloan.sba.gov/ela. Businesses can take advantage of free assistance offered by SBA’s network of Resource Partners for help with preparing their loan applications. They may visit www.sba.gov/local-assistance to find local help.