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
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
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.