Register Now for the SBA Emergency Loan Program and the Paycheck Protection Program Webinar on 4/7/2020

The Massachusetts Office of Business Development (MOBD) is partnering with the Small Business Administration (SBA) and the Town of Swampscott to host a webinar on Tuesday, April 7, 2020 from 11:30AM-1:00PM to assist your business during this difficult time. 

 

Lisa Gonzalez Welch of the SBA will present their (EIDLEmergency Loan Program and the (PPP) Paycheck Protection Program. Small businesses, private non-profit organizations, worker cooperatives, sole proprietors, independent contractors, and tribal businesses, all with fewer than 500 employees, that have been financially impacted as a result of the Coronavirus (COVID-19) since Jan. 31, 2020, may qualify for Economic Injury Disaster Loans (EIDL) to meet financial obligations and operating expenses. Businesses that receive an EIDL between January 31, 2020 and June 30, 2020, as a result of a COVID-19 disaster declaration, are also eligible to apply for a Paycheck Protection Program (PPP) Loan or may refinance their EIDL into a PPP Loan. In either case, the emergency EIDL grant award of up to $10,000 will be subtracted from the amount forgiven in a PPP Loan.

Space is limited, so please use the following EventBrite link to sign up:   https://www.eventbrite.com/e/sba-loan-overview-by-lisa-welch-sba-economic-development-specialist-tickets-101913245260


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Military Heroes Fund: COVID-19 Emergency Financial Relief Program ~and~ COVID-19 Massachusetts Military Family Relief Fund

The Military Heroes Fund: COVID-19 Emergency Financial Relief Program and COVID-19 Massachusetts Military Family Relief Fund are available to those who qualify.  Please see below for more information on each program.
Military Heroes Fund: COVID-19 Emergency Financial Relief Program

The COVID-19 Emergency Financial Relief Program was created to provide financial assistance to all Veterans, Active Duty, Reserves and National Guard who are experiencing a financial setback due to the negative economic effects of the COVID-19 pandemic. The Foundation is prioritizing assistance to those who have lost their primary/only income or have an increased financial burden as a direct result of the COVID-19 pandemic. The grant amount will support 1 month of payment up to $1500 in the following areas:

  • Rent
  • Mortgage
  • Auto Loan/Lease
  • Utilities (Electric, Water, Heat)

All checks will be sent directly to the creditor or landlord after the grant is approved. The Foundation can only support one emergency financial request per household.

What You’ll Need:

  • DD214 or LES
  • A bill or statement for the requested expense
  • An explanation of how the financial setback is related to the COVID-19 pandemic (for example, loss of job due to quarantine and/or public health policies)

To be eligible for this program you must be in one of the following categories:

  • A Veteran that has been honorably discharged
  • A current active-duty service member
  • Currently active in the Reserves
  • Currently active in the National Guard

https://penfedfoundation.org/apply-for-assistance/coronavirus-emergency-financial-assistance/


COVID-19 Massachusetts Military Family Relief Fund
 

Will give immediate financial relief to Massachusetts military families and Families of Fallen Service Members to purchase groceries, health supplies and other necessities. The Fund will be open to active military, National Guard, Reserves and Families of Fallen Service Members who reside in Massachusetts.

https://www.militaryfriends.org/military-friends-foundation-launches-covid-19-massachusetts-military-relief-fund/

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Reminder to all Small Businesses and Non-Profits: Federal Stimulus Funding Application Available Today

The Town of North Andover urges all nonprofits and small businesses with less than 500 employees to take advantage of the significant funding being offered through the federal CARES Act – by acting TODAY.

For more information and support on the CARES Act, contact the Center for Women & Enterprise which is a FREE resource.  LIVE hotline: 617-536-0700 or go HERE: https://bit.ly/39GGYq5

Start by applying for the Paycheck Protection Program on Friday (or soon after) by contacting a certified bank to begin the process; click here for an application.
Then explore if the SBA Disaster Loan, which includes a “forgivable” advance of up to $10,000 is right for your business – apply here: https://covid19relief.sba.gov/#/
Share this information with your local counterparts and clients that may also benefit!
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Reminder to all Small Businesses and Non-Profits: Federal Stimulus Funding Application Available Today

The Town of North Andover urges all nonprofits and small businesses with less than 500 employees to take advantage of the significant funding being offered through the federal CARES Act – by acting TODAY.

For more information and support on the CARES Act, contact the Center for Women & Enterprise which is a FREE resource.  LIVE hotline: 617-536-0700 or go HERE: https://bit.ly/39GGYq5

Start by applying for the Paycheck Protection Program on Friday (or soon after) by contacting a certified bank to begin the process; click here for an application.
Then explore if the SBA Disaster Loan, which includes a “forgivable” advance of up to $10,000 is right for your business – apply here: https://covid19relief.sba.gov/#/
Share this information with your local counterparts and clients that may also benefit!
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Please be advised of the latest Spring event schedule from North Andover Public Works

Cyr Recycle Center will be open on Tuesdays, Thursdays and Saturdays (8am – 3pm) starting on Tuesday April 7th.  Resident stickers will not be required until June 2nd, however we reserve the right to check residence status at the facility.  Landscapers and Contractors must have a sticker to use the facility starting April 7th.  Commercial stickers will be sold by appointment only – please contact the Public Works office at (978) 685-0950 to arrange an appointment.

Leaf Bag Collection will occur the weeks of May 4th, 11th and 18th.

The April 11th Household Hazardous Waste Day has been Canceled.  There will be another Household Hazardous Waste Day scheduled for October 31st.

Lake Boating and Storage Permits – please be advised that storage, parking and boating permits will not be issued until after May 4th.  All lake parking and storage areas are closed until after May 4th.


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