Integrality, LLC is a Texas-based minority and woman-owned management consulting firm. We provide innovative community development, economic development, professional development and information technology solutions to colleges and universities.
Integrality's team of business consultants has helped colleges and universities design innovative small business and entrepreneur studies programs, acquire federal and state grants to build stronger programming to build communities and create economic development initiatives that change the way colleges do business.
Disaster Relief Solutions for Small Businesses
State of SBA Disaster Relief: Paycheck Protection Program 2 Webinar
PPP Reopened Jan 11
The U.S. Small Business Administration, in consultation with the Treasury Department, announced today that the Paycheck Protection Program will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.
This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan. “The historically successful Paycheck Protection Program served as an economic lifeline to millions of small businesses and their employees when they needed it most,” said Administrator Jovita Carranza. “Today’s guidance builds on the success of the program and adapts to the changing needs of small business owners by providing targeted relief and a simpler forgiveness process to ensure their path to recovery.”
“The Paycheck Protection Program has successfully provided 5.2 million loans worth $525 billion to America’s small businesses, supporting more than 51 million jobs,” said Treasury Secretary Steven T. Mnuchin. “This updated guidance enhances the PPP’s targeted relief to small businesses most impacted by COVID-19.
Cynthia Nevels, President
Kim Bunting, Director
Holly Burrow, Economic Development Office - North Texas
Donnell Parker, Senior Manager and PPP Loan Forgiveness Expert
The webinar clarified the following:
- Who’s Eligible to Apply
- How To Apply for The PPP Loan
- What Lenders Need from 1st and 2nd Time Applicants
- What Impact Will The EIDL Advance or Loan Have On Your PPP Loan
- Is the PPP2 Forgivable
Links to Resources
PPP CDFI Lenders
Need technical assistance?
Visit www.cynthianevels.com and book appointment.
January 13, 2021 Webinar Video