Critical COVID-19 Updates

COVID-19 Update Disclaimer:

Please keep in mind this is an on-going issue, and information is always changing and being updated.

If you have further questions:

  • Phone: 1-833-ASK-SBDC (1-833-275-7232)

    or

  • Email: Loans@asksbdc.com

Updates on PPP and EDIL Loan Program:

On July 1st, the House of Representatives passed the Prioritized Paycheck Protection Program Act (P4), extending the window for business owners to apply for PPP loans to August 8, 2020.

We will update with more details as they become available

NEW EZ APPLICATIONS FOR THE PAYCHECK PROTECTION PROGRAM ANNOUNCED BY THE SBA AND TREASURY DEPARTMENT.


REVISIONS FOR THE FULL FORGIVENESS APPLICATION FOR THE PAYCHECK PROTECTION PROGRAM ANNOUNCED BY THE SBA AND TREASURY DEPARTMENT.

  • TO VIEW THE REVISED PPP INSTRUCTIONS.

    CLICK HERE

  • TO VIEW THE REVISED PPP APPLICATION.

    CLICK HERE

  • to view the Business Loan Program Temporary Changes; Paycheck Protection Program – Revisions to the Third and Sixth Interim Final Rules

    CLICK HERE

EIDL program and is accepting applications for ALL businesses.

Previous Updates and Links.


RESOURCES:

PLEASE REACH OUT TO YOUR TFG ENTREPRENEUR IN RESIDENCE FOR FURTHER QUESTIONS OR GENERAL BUSINESS ASSISTANCE.

Latest COVID Q&A Webinar:

JOIN NORCAL SBDC’S FINANCE CENTER TEAM EACH MONDAY, WEDNESDAY AND FRIDAY AT 10:30 AM PST AS THEY ANSWER QUESTIONS FROM BUSINESS OWNERS ACROSS NORTHERN CALIFORNIA.

FOR MORE INFORMATION FROM NORCAL SBDC VISIT:

For Existing TFG Clients:

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Business Check list for trying times:

Summery: Tech Futures Group has put together a short, but dense presentation covering the following topics:

• What you should do immediately.

• Communicate, communicate, communicate .

• Investors — What to expect from investors.

• Finances — Conserve cash smartly.

• Team — Decisions and communications.

• Product — Adapt and re-evaluate.

• Market — Re-position, reach out, communicate.

• Back up Plans.

• Worksheet for you to fill out.

COVID-19 Updates on the SBIR program:

Summary: SBIR/STTR specialist advisors put together a short presentation on the updates on the SBIR program with the Covid-19.


Documents summarizing recent information:

As of June 8th, 2020.

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Latest email documents from TFG Director of updated information on the EDIL and PPP loan program:

*Disclaimer: Please keep in mind this is on-going issue, and information is always being updated and changing.

PPP-Affiliation Rule for companies with equity investors.

Official information from SBA and the U.S. Treasury Department:

Affiliation rule from the SBA:

*As of 2014

For more official information visit the SBA website here: www.sba.gov

PPP FAQ (addresses affiliation rule) from the U.S. Treasury department:

*As of April 26th 2020

Affiliation rule from the U.S. Treasury department:

*As of April 3rd 2020

For more official information visit the U.S. Treasury Department website here: home.treasury.gov

Additional information for VC backed companies from the National Venture Capital Association:

NVCA PPP loan guidance document:

For more official information visit the NCVA website here: nvca.org

Please reach out to your TFG entrepreneur in residence or specialty advisor for further questions or general business assistance.

Additional resources for non-tech companies:

Information from our national partner, Americas Small Business Development Center:

For current and updated information, and other resources from Americas SBDC:

*Information and resources to help your small business address the coronavirus pandemic.

We encourage everyone to do their part to keep their employees, clients, and themselves healthy.