The U.S. Small Business Administration (SBA) – Springfield, MO Branch Office, and VetBiz are hosting a Free small business webinar.
Attendees will learn about the PPP Direct Forgiveness Portal and the COVID Revenue Re-duction Score which may eliminate the documentation requirement for 25% revenue reduc-tion on PPP Second Draw loans $150,000 or less (for loans that receive a pass score from SBA).
In addition, attendees will also learn about SBA’s COVID-19 EIDL. This low interest disaster loan could be of particular interest to small business owners as they focus on recovery. Qualified small business borrowers may receive up to $500,000 EIDL loan at 3.75% 30-year fixed rate. Applicants for the COVID-19 EIDL may be eligible to receive up to $15,000 in funding from SBA that does not need to be repaid.