We are also pleased to announce that on Thursday, January 14th at 11:30am, as part of the Ottawa County Commissioners Small Business Task Force bi-weekly meeting, we will be providing a COVID-19 Relief Bill Presentation. This presentation will be conducted by Nick Apling, Robert Apling & Associates, and Justin Moore, GenoaBank. The presentation itself will last approximately 10-15 minutes and will be followed by a question and answer period. This presentation is open to the business community and accessible by clicking this link: https://us02web.zoom.us/j/3427603931 or call 312-626-6799 with Passcode: 3427603931#
COVID Relief Bill (Stimulus 2.0)
On December 27th, 2020 the COVID Relief Bill (Stimulus 2.0) was signed into law. The $900 billion spending bill has several provisions that will assist individuals and small businesses. This includes the popular Paycheck Protection Program (PPP), Employee Retention Credit (ERC), and the SBA Economic Injury Disaster Loan (EIDL). These programs are expected to launch as early as next week.
Paycheck Protection Program (PPP)
For businesses, it includes significant updates to the Paycheck Protection Program (PPP) – including how they are taxed, tax credit eligibility, receiving grants and more. You must use an eligible banking institution to apply.