Preparing for the 2nd Round of COVID-19 Relief Funding

COVID-19 , PPP , GRA Blog , Industry News , Regulatory ,

Congress approved the recent funding on December 21, but application information will not be available until January. There are steps that small businesses can take now to be prepared to apply, however.

Governor Brian P. Kemp and the University of Georgia have launched an informational web site and webinars to help small business owners in Georgia understand the funding available through the new COVID-19 Emergency Relief Package and how to apply for assistance. Informational webinars will be held on Tuesday, January 5, Wednesday, January 6, and Thursday, January 7. This one hour webinar will be led by a team of expert business consultants from the UGA SBDC. In additional to the prepared presentation, attendees will have the opportunity to participate in a Q&A session. The webinars are designed to help small businesses prepare for the application process. Once application instructions are provided, consultants in the UGA Small Business Development Center's (SBDC) 18 regional offices will be available to assist businesses with this process.

Funding available throught he COVID-19 Emergency Relief Package will extend the federal Paycheck Protection Program (PPP) through March 2021, enhance the SBA's current lending programs, and create dedicated programs for the hardest hit industries and smaller businesses. The PPP provides money for business owners to continue to pay employees and cover essential costs such as rent and utilities.

Webinar Information/Registration can be found at https://www.georgiasbdc.org/2nd-round-covid-funding-webinars/