Paycheck Protection Program Resumes Today

U.S. Small Business Administration

In a joint statement, SBA Administrator Jovita Carranza and U.S. Treasury Secretary Steven Mnuchin announced the Small Business Administration resumes accepting PPP loan applications today, Monday, April 27 at 10:30AM EDT from approved lenders on behalf of any eligible borrower. PPP Resources PPP Lender List - Arizona: Includes participating banks, credit unions, … [More]

New PPP Lenders added for Arizona Businesses

by Mike Hunter

As businesses prepare their applications for the next round of Payroll Protection Program funding, the Arizona District Office of the SBA would like to share feedback it received today from business owners, which is that the majority of the local lenders on the SBA list are only accepting PPP applications only from existing clients. The Arizona SBA maintains its updated … [More]

Paycheck Protection Program and Health Care Enhancement Act Signed into Law

Small Business Administration

Today, the Paycheck Protection Program and Health Care Enhancement Act was signed into law, allocating additional money to the SBA Paycheck Protection Program (PPP).   PPP is providing much-needed relief and helping America’s small businesses make it through this challenging time. In a joint statement, SBA Administrator Jovita Carranza and U.S. Treasury Secretary Steven … [More]

Tips for PPP Applications – Businesses, Be Ready for Monday

by Mike Hunter

Payroll Protection Program funds are anticipated to go liquid on Monday, and GPEC is urging every small firm in Arizona to prepare their applications and supporting documentation before capital becomes available. Consistency and accuracy are vital in the application process. Errors, inaccuracies or lack of documentation can be the difference between receiving funds and being … [More]

Employer Brand Co. Pledges $7M to Help Rebuild the Economy

Ph.Creative

Ph.Creative is immediately pledging $7 million ( £5.6 million) in the form of 100% grants for career website design and development and 50% match funding for strategic employer branding work. The hope of the initiative is to accelerate and contribute towards the successful hiring of at least one million people, spanning across the USA and U.K. in the next six months. Bryan … [More]

Phoenix City Council Unanimously Approves Major Funding for Homelessness

Rick McCartney

Phoenix City Council unanimously approved the allocation of nearly $18 million dollars of federal COVID-19 funding to support vulnerable populations in the community. According to Mayor Kate Gallego, the money will be used to combat homelessness, address housing insecurity, and provide micro-loans and grants for local small businesses and non-profits. This vote represents the … [More]

Tempe and Credit Union Create $1 Million Small Business Emergency Loan Program

City of Tempe

To help struggling local businesses during this unprecedented time, the City of Tempe and Desert Financial Credit Union have developed a first of its kind program for Tempe-based companies, creating the $1 million Tempe Small Business Emergency Loan Program. Tempe businesses that employ between 5 and 50 people may be eligible for microloans of between $5,000 and $20,000. The … [More]

Arizona will Provide Nearly 600,000 Children with Pandemic School Meal Replacement Benefits

State of Arizona Office of the Governor

The Arizona Department of Economic Security (DES) announced the USDA Food and Nutrition Service (FNS) authorized DES to provide Arizona P-EBT Pandemic School Meal Replacement Benefits to households with children who are eligible for free or reduced-price school meals. There are nearly 600,000 students receiving free or reduced-price school meals in Arizona, including 186,000 … [More]

Phoenix COVID-19 Small Business Relief Grant Applications Are Closed Due to Demand

Phoenix Community and Economic Development

Last Tuesday, the Phoenix IDA, in partnership with the City of Phoenix, opened a $2 million grant program known as the Phoenix COVID-19 Small Business Relief Grant. Due to the demand and significant response for these grants, the application is now closed. Submitted applications are being reviewed and it is expected grants will be awarded in the coming weeks to a minimum of 200 … [More]

How to Get Your Stimulus Money by Direct Deposit

by Richard Winchester

The fastest way for someone to get their stimulus money is by direct deposit.  That can only happen if the government has their banking information.  If it doesn’t, any stimulus check will take weeks – perhaps months – to arrive by mail as a check. The IRS has made two web portals available so that individuals whose banking information is not on file with the agency can get … [More]