On July 4th, a bill was signed that extends the Paycheck Protection Program (PPP) Loan application period, giving business owners additional time to apply for and receive almost $130 billion in PPP Loan money that is still available.
To begin your application, it is recommend that you contact the bank you traditionally do business with. Each bank has different document requirements for the application process. Contact your bank today to determine the necessary steps needed to submit your application.
My bank is no longer offering this program. What can I do?
If your bank is no longer accepting PPP applications, you can visit the Small Business Administration website to find another lender that will help you.
The CARES Technical Assistance Grant can Help you Hire a Professional to Prepare Your PPP Loan Application
The application process for the Paycheck Protection Program Loan can be overwhelming and difficult to navigate. The South Shore Neighborhood Development Corporation, with funding from Legacy Foundation, is providing grants of up to $500 to help cover the cost of hiring a professional to help you prepare and submit all necessary paperwork to provide your business/organization the best chance of obtaining these necessary funds.
To qualify for the CARES Technical Assistance Grant, your small business or non-profit organization must:
- be based in Lake County, Indiana;
- be registered as a business or a non-profit in the State of Indiana;
- have at least 1 employee but no more than 499 employees;
- have a minimum of $50,000 in annual payroll expenses;
- fully complete the included application, and;
- fully complete the included W-9 for your organization;
Reimbursement will be approved and processed on a first come, first served basis and paid upon receipt of an invoice.
Begin Your CARES Technical Assistance Grant
Additional Resources
Indiana Small Business Restart Fund
$30 million in federal funding is available to Indiana small businesses through the Indiana Small Business Restart Fund. Eligible Indiana small businesses can seek reimbursement for up to 80% of qualified expenses, such as rent/mortgage payments, utilities, lease payments for real or personal property, and safety investments, such as personal protective equipment (PPE) and infrastructure improvements. Application closes September 30, 2020.
Begin your Small Business Restart Fund Grant Application
Indiana's Back on Track PPE program connects small businesses and nonprofit organizations with PPE so they can safely reopen. This online marketplace serves as a resource to small businesses employing up to 150 people to provide PPE, ensuring the health and safety of its employees.