Town of Swampscott To Host Emergency Loan Program And Paycheck Protection Program Webinar

Press release from the Town of Tewksbury:

April 6, 2020

Dear Massachusetts Business Owner/Operator,

The Massachusetts Office of Business Development (MOBD) is partnering with the Small Business Administration (SBA) and the Town of Swampscott to host a webinar on Tuesday, April 7, 2020 from 11:30AM-1:00PM to assist your business during this difficult time.

Lisa Gonzalez Welch of the SBA will present their (EIDL) Emergency Loan Program and the (PPP) Paycheck Protection Program. Small businesses, private non-profit organizations, worker cooperatives, sole proprietors, independent contractors, and tribal businesses, all with fewer than 500 employees, that have been financially impacted as a result of the Coronavirus (COVID-19) since Jan. 31, 2020, may qualify for Economic Injury Disaster Loans (EIDL) to meet financial obligations and operating expenses. Businesses that receive an EIDL between January 31, 2020 and June 30, 2020, as a result of a COVID-19 disaster declaration, are also eligible to apply for a Paycheck Protection Program (PPP) Loan or may refinance their EIDL into a PPP Loan. In either case, the emergency EIDL grant award of up to $10,000 will be subtracted from the amount forgiven in a PPP Loan.

Space is limited, so please use the following EventBrite link to sign up: https://www.eventbrite.com/e/sba-loan-overview-by-lisa-welch-sba-economic-development-specialist-tickets-101913245260

Regards,

Maria

Maria Nigro Di Stefano

Northeast Regional Director

Massachusetts Office of Business Development

121 Loring Avenue, Suite 110

Salem, MA 01970

maria.g.distefano@mass.gov

617-519-9380 CELL

www.mass.gov/mobd

This press release was produced by the Town of Tewksbury. The views expressed here are the author’s own.