Senator John R. Gordner E-Newsletter

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Small Business Program Assistance Available 

Recently, Congress passed its Phase 3 stimulus package, which is intended to assist individuals and businesses that are struggling as a result of the COVID-19 outbreak. 

One of the most important parts of that package is the implementation of the Paycheck Protection Program (PPP)PPP is intended to offer a financial incentive to small businesses to keep employees on their payrolls during this tough economic time.  A significant portion of these low-interest loans will be converted into a grant if the employer keeps employees on their payroll and the money is used for payroll, rent, mortgage interest or utilities. 

Applications will be accepted from April 3, 2020 through June 30, 2020 via Small Business Administration lenders in the state. 

More information about the program, a list of lenders and an application can be found at: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp  

Further, the Bucknell University Small Business Development Center is offering free Webinars to address various programs to assist small businesses.  Topics include: 

  • Economic Injury Disaster Loan and Loan Advance Program 
  • Paycheck Protection Program 

Free Webinars will be offered on April 6th, 7th, 8th, 9th and 10th at 9:00am.  

To register for a Webinar or receive SBDC assistance for small businesses encountering issues due to the COVID-19 pandemic, click on this link: www.bucknell.edu/SBDC  

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