The PPP, or the Paycheck Protection Program, is a loan program administered by local approved lending institutions as a program of the Small Business Association (SBA), a Federal agency. Funds for this program were approved as part of the CARES Act to support businesses negatively impacted by COVID-19.
EIDL, or Economic Impact Disaster Loan, is a loan program administered through the SBA, or Small Business Association. Funds for this program were approved as part of the CARES Act to support businesses negatively impacted by COVID-19.
If you have not already, check to see if your business is eligible for a Mainstreet Recovery Grant through the State of Louisiana: https://www.louisianamainstreet.com/. This program is still open and taking applications at this time.
This program will prioritize centers that:
- do not have access to legal counsel or payroll company assistance;
- centers that historically are low-income centers; and
- centers that are at risk of not achieving forgiveness on your PPP loan without the assistance of this program.
NOTE: Participation in this initiative will be conducted almost entirely over email and/or phone. Due to safety concerns of COVID-19 and exposure risk, the legal team is not currently meeting with centers in-person. Centers will be required to communicate via phone, email, text, and/or video conferencing (Zoom) and program participants are expected to check their email and/or phone in a timely manner.
Have you been affected by Hurricane Laura? Text SUBSCRIBE to 318-405-4185 if you want to sign up for free disaster legal text tips for issues like: housing and landlord tenant issues, applying for FEMA and other public benefits; replacing lost documents; contractor fraud and contract disputes; and family law issues.
> Need more information about the program? Find resources, including FAQs and webinars, here.