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Ann Arbor Spark

WEBINAR | Small Business Resources Update: SBA Loan and Main Street Lending Programs

Friday, April 24 2020 at 1:00pm

On March 27th, the President signed into law a $2 trillion economic stimulus package (CARES Act, Public Law 116-136) to help address the unprecedented health and economic crisis related to COVID-19. Included in the stimulus package was over $350 billion for small business loan guarantees, subsidies, and other resources. It has been well reported by various media outlets that funding for the SBA’s Paycheck Protection Program and Economic Injury Disaster Loans has already been exhausted. Congress and the Administration are working to put an additional $370 billion into these loan programs. In addition, outside of the SBA loan programs, new business relief programs are coming on-line soon, including the Federal Reserve’s Main Street Lending Program, which provides $600 billion for larger loans for both small businesses and entities of up to 10,000 employees.

Join the National Center for Manufacturing Sciences (NCMS) for a webinar on Friday, April 24th,at 1:00pm EST to discuss updates to the SBA’s small business loan programs and review the Federal Reserve’s new Main Street Lending Program. Our discussion will include next steps and details related to how your company can directly access these resources.