Information regarding PPP Loans

Beginning today, January 11, 2021, PPP loans are again made widely available to fishing and shoreside small businesses and other eligible entities in the shrimp industry. SBA will begin by processing ‘first draw’ applications (see below). PPP loans provide an important source of financial relief from the impacts of the pandemic on the shrimp industry. They […]

SBA revised FAQ on PPP

The SBA issued a revised set of FAQs regarding the PPP program which can be found here: https://shrimpalliance.com/wp-content/uploads/2020/05/Paycheck-Protection-Program-Frequently-Asked-Questions_05-13-20_2.pdf

President Trump Signs New Coronavirus Assistance Bill

Today, the President signed into law the “Paycheck Protection Program and Health Care Enhancement Act”. Among other things, this legislation provides an additional $310 billion for the Small Business Administration (SBA) to issue loans and loan forgiveness under the Paycheck Protection Program (PPP). It is unclear when the SBA will resume accepting or processing PPP […]

The Small Business Owner’s Guide to the CARES Act

The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain non-profits and other employers. This guide […]