Paycheck Protection Program Applications Open Today

Lenders Now Accepting Paycheck Protection Program Applications

Existing SBA 7(a) lenders or any federally insured depository institution, federally insured credit union, or Farm Credit System institution are now accepting applications from small businesses wishting to secure funding through the Paycheck Protection Program.

This loan program is designed to provide a direct incentive for small businesses to keep their workers on the payroll. The U.S.
SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

View a sample application HERE.

Get More Information on the Paycheck Protection Program

HODGSON RUSS LLP LAUNCHES CARES ACT WEBINAR SERIES

The attorneys at Hodgson Russ LLP have launched a new series of webinars to help business leaders better understand how the CARES Act will impacts their businesses. Seminars are geared toward in-house counsel, C-suite individuals, controllers, human resource professionals and other executives interested in learning more about the CARES Act.

Webinars will be offered on April 6 and April 13. Click HERE to learn more about the topics for each webinar.

DON'T FORGET - COMPLETE THE MONTGOMERY COUNTY BUSINESS IMPACT SURVEY

The Montgomery County Business Development Center is working hard to help businesses survive the crisis and get back to business as quickly as possible once the public health emergency has passed. To ensure our local businesses #ComeBackStronger, we're asking businesses of ALL SIZES to complete our updated community impact survey. The results of the survey will help county, state and federal officials understand the specific needs of local employers, so they can provide the best assistance and make the most appropriate decisions on how to help.

Complete the MCBDC Business Impact Survey

ADDITIONAL USEFUL LINKS FOR BUSINESSES

Below are useful links to help address some of the most frequently asked questions currently being received by our office. A complete collection of links and resources for businesses being impacted can be found on our website HERE.

New York State on "Pause" - Extended to Apr 15

Business Guidance from Empire State Development

SBA Disaster Assistance Loan Application Portal

U.S. Chamber of Commerce's Coronavirus Emergency Loans Small Business Guide and Checklist

U.S. Department of Labor - Fair Labor Standards Act Questions and Answers

Keep up to date with breaking COVID-19 information and other MCBDC initiatives by following us on Facebook and LinkedIn.

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Our mailing address is:
Montgomery County Business Development Center
9 Park Street, P.O. Box 1500
Fonda, NY 12068

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