Thank you to Farris Bobango Law Firm for providing us with these pdfs (PPP Overview Chart and Loan Forgiveness Chart). Please click (PPP Overview Chart and Loan Forgiveness Chart) which walks you through the details of the program. Their pdf has a much more thorough explanation than the blurbs below.
Can I apply for paycheck protection and an SBA disaster loan?
Yes, you can. However, you can’t apply for an SBA disaster loan for the same purpose as the Paycheck Protection Program. That being said, when you apply for the SBA disaster loan, you can also request a $10,000 emergency grant, interest-free. If approved, the SBA will provide the grant within three days.
What can I use the funds for?
You must acknowledge that the funds will be used to retain workers and maintain payroll or make mortgage payments, lease payments, and utility payments. Funds you use for other purposes will not be eligible for forgiveness.
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COVID-19 Posts:
- Shelby County Health Directive 13 – October 6
- Record a Video for More Relief Now
- Free webinars
- Memphis Restaurant Association Free Printables
- Governor Lee Extends to Go Drinks for Restaurants Through September
- Join the ServSafe Dining Commitment
- Shelby County Health Directive 8
- Lbd Delivery Extended Again With Executive Order
- TN Gov. Lee Announces Relief Program – No Details Yet on How to Apply
- 1-Click Email to TN Senators About PPP
- Free Bilingual COVID-19 Testing by Church Health & St. Michael’s Catholic Church May 29
- Members Who Offer COVID Supplies and Services
- Special Ojo Scooters Promotion for Restaurants
- POS Companies Offering Online Ordering and Curbside Options
- Shelby County Back to Business Requirements
- Free Printable Sign to Screen Your Customers
- Please respond to this survey
- Face Masks available today – Friday, May 1
- Tennessee Business Reopening Protocol
- Members Offering Cleaning Services and Cleaning Supplies
- April 14 LBD Information (Updated)
- Grants and Loans – Money Available for Businesses & Staff
- Apply for the Payroll Protection Program, Which Is Included in the Cares Act
- TN 15% LBD Tax On Hold
- Negotiating With Your Landlord
- Marketing and Compliance Tips for Delivery, To-Go, Curbside
- 3rd Party Delivery Services
- Gov. Bill Lee Permits To-Go and Delivery Wine Sales in TN
- Work for the Service Industry
- Taste901ToGo Social Media Campaign
- Ways you can help
- To-Go Beer Sales Ordinance Passed
- Curbside Parking
- Ways You Can Take Action
- Memphis restaurants that are open for business
- COVID-19 Resources and Links
- TN Businesses Now Eligible for SBA Loans!
- Do I Still Have to Pay Taxes During the Pandemic
- GoFundMe by Edible Memphis
- Relief Grants for the Hospitality Industry
- How to File Loss of Income Insurance
- Act Now US Travel Petition – Sign By Noon Friday Mar 20
- ALERT!!! Mandate to Close ALL Restaurants- Dine-In Only will come from Mayor Strickland this afternoon!
- COVID-19 update from MRA