USDA and SBA to hold Teleconference on Paycheck Protection Program for Tribes

Today, the Small Business Administration (SBA) and U.S. Department of Agriculture (USDA) announced that they will be hosting teleconference this Sunday (4/26) on accessing Round 2 of the Paycheck Protection Program (PPP) funding. Tribes, tribal leaders, tribal business concerns, and tribal stakeholders are invited to participate in this teleconference. SBA will share up-to-date information on the PPP. USDA will provide information about its funding and programmatic responses to COVID-19 and ongoing collaborative efforts with SBA. NAFOA will share relevant guidance for tribes and tribal business concerns regarding access to PPP and other COVID-19 response resources.

Sunday, April 26, 2020
5:00 – 5:45 pm ET

Toll-Free Call-in number: 844-291-5491
Passcode: 2989742 ResourcesPPP Interim Final Rule (4/24)  
 The CARES Act: Sec. 1102 – Paycheck Protection Program 
 SBA Site: The Paycheck Protection Program
 Paycheck Protection Program FAQ (4/23/20)
 Native Owned Banks

 
 
Agenda:

Welcome:  Diane Cullo, Director, USDA’s Office of Tribal Relations
                  Shawn Pensoneau, Assistant Administrator, Office of Native American Affairs, SBA

Remarks: Tyler Fish, Senior Policy Advisor and Tribal Liaison, Executive Office of the President, The White House

Programmatic Remarks: Small Business AdministrationUSDA Rural DevelopmentNAFOAQ&A:Tribal leaders, tribal governments, businesses, and other tribal stakeholder participants

Closing Remarks

Background:
The Paycheck Protection Program is a loan program within the CARES Act that allows businesses with fewer than 500 employees to apply for loans to cover payroll and other operational expenses that have been disrupted due to the COVID-19 pandemic. This loan is forgivable if the awardee ensures that the funds were used for their intended purposes over the covered period.

Paycheck Protection Program Eligibility Expanded

Today, the Small Business Administration (SBA) published an interim final rule including a change to their guidance regarding the Paycheck Protection Program (PPP) that would make most tribal gaming operations eligible for the program.
The PPP is a loan program within the CARES Act that allows businesses with fewer than 500 employees to apply for loans to cover payroll and other operational expenses that have been disrupted due to the COVID-19 pandemic. This loan is forgivable if the awardee ensures that the funds were used for their intended purposes over the covered period. Resources

The original guidance suggested that most tribal gaming operations would be ineligible to participate in the program if these businesses derived over 50% of their revenues from gaming. Tribes and states with legal gaming enterprises worked hard to oppose this limited and arbitrary criteria for inclusion within the program.  
The new interim final rule removes the criteria and states that “a business that is otherwise eligible for a PPP Loan is not rendered ineligible due to its receipt of legal gaming revenues, and 13 CFR 120.110(g) is inapplicable to PPP loans.” 
Paycheck Protection Program Tribal Strategy

  • Seek a financial services provider that is local or seek out a nationally-chartered bank like Native American Bank. 
  • Seek loans through Native owned banks and CDFI’s that are providing SBA 7(a) loans: Native Owned Banks

Register for Today’s Webinar on Energy Efficiency Basics

Register for Today’s Webinar on Energy Efficiency Basics
Feb. 26, 2020

The U.S. Department of Energy (DOE) Office of Indian Energy Policy and Programs is pleased to sponsor the 2020 Tribal Energy Webinar Series with the theme of “How to…” Intended for tribal leaders, tribal staff, and others interested in energy development in Indian Country, the monthly webinars will focus on how to accomplish specific tasks related to energy development on tribal lands. Presenters will provide instruction and share tools and resources. Tribal case studies will emphasize the processes and tools used rather than the specific details of a particular project. Ten webinars will be offered at no cost, with most webinars scheduled at 11 a.m. Mountain Time (MT) on the last Wednesday of each month, beginning in February and concluding in December.The 2020 series will begin with Energy Efficiency Basics today, February 26, from 11 a.m. to 1 p.m. MT. When trying to lower energy bills or reduce environmental impact from energy generation, the first step is to look for opportunities to increase energy efficiency. This webinar will define what energy efficiency is and explore how to identify potential measures to reduce your Tribe’s energy use.There is no charge to attend, but registration is required. Register now for this webinar, and learn more about the 2020 webinar series. Regards,
Office of Indian Energy Policy and Programs
1000 Independence Ave. SW
Washington DC 20585For more information on the Office of Indian Energy, visit our website.