Congress could approve more stimulus help for small businesses. Out of home companies who are waiting on the sidelines should apply, OAAA webinar panelists said.
- The Senate and then the House are prepared to vote later this week on more help for small businesses.
- The popular Paycheck Protection Program (PPP) was exhausted by April 16 (it started April 3).
- OAAA is pushing for more stimulus help.
- Congress is likely to approve an additional $300 billion for small-business’ Paycheck Protection fund.
On April 20, OAAA hosted a webinar to share advice/tips on getting the federal government’s small-business assistance:
- Jeff Birnbaum of the lobbying/public relations firm BGR Group said new small-business funding could be approved this week.
- Paul Cook of Wolverine Sign Works in Michigan and Ken Wingate of Wingate Outdoor in Arkansas said they worked with their bankers to apply successfully for Paycheck Protection funds.
- They urged their peers to apply.
- Some out of home companies have been frustrated with their bank and by delays.
- Business attorney Allyson Baker of the Venable law firm explained:
- How PPP loans can be forgiven
- What payroll information is needed for PPP applications
- How equity partnerships are treated
- The significance of employee compensation that exceeds $100,000-a-year
Click here for a recording of the April 20 OAAA webinar.