APRIL 20, 2020
LATEST UPDATES: CHECK OUT THE FOLLOWING RESOURCES
Correction: APPLICATIONS ACCEPTED BY 2 P.M. TODAY!!!
The U.S. Chamber unveiled its  Save Small Business Initiative  to address the immediate needs of the small business community, mitigate closures and job losses, and mobilize support for long-term recovery in the wake of the economic destruction of the COVID-19 pandemic.

In addition to a call to action for the larger business community and government to help small businesses, the four-part campaign includes  supplemental financial assistance , advocacy,  resources , webinars and guides, and research.

The U.S. Chamber Foundation is supporting the supplemental financial assistance by launching their  Save Small Business Fund . Funded by contributions from corporate and philanthropic partners, the U.S. Chamber Foundation will be providing $5,000 supplemental grants to small employers in economically vulnerable communities.

Applications for the Save Small Business Grant Fund will open TODAY, Monday, April 20, 2020, at 2:00 p.m. CST .  There are several eligibility requirements which can be found here .

For more information on the Save Small Business Grant Fund including qualifications, the application process and FAQs, please  click here .
Additional $250 Billion Sought for Paycheck Protection Program
The Small Business Administration has implemented a Paycheck Protection Program , which is essentially an SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. More information is available on the SBA Website and at the links below.

Congressional leaders are looking to allocate up to $250 billion more for the Small Business Administration’s Paycheck Protection Program this week, according to the American Bankers Association. 

Senate Majority Leader Mitch McConnell said he hopes to see more funding provided as soon as Thursday, using parliamentary procedures allowing the Senate to pass uncontroversial legislation. The program, which began taking applications last Friday, processed more than $70 billion in the first two days. Treasury Secretary Steven Mnuchin also said an additional $250 billion would boost the Paycheck Protection Program efforts to help small business.

Past funds have been allocated for several small businesses already, but in the event that funds will be released again, please explore the application process and comparison below!
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P.O. Box 143 | 100 E. Leake St. | Clinton, MS 39056
601.924.5912 | info@clintonchamber.org | www.clintonchamber.org