The Arizona Commerce Authority, in conjunction with several business organizations, has launched the Arizona Small Business Bootcamp & Resource Collective to help small businesses in Arizona navigate the effects of the pandemic.
The Bootcamp provides daily touchpoint sessions featuring expertise from community business leaders over the next several weeks to connect with mentors, learn strategies to help navigate this uncertain environment, and prepare for a strong re-entry once the state begins our economic recovery process.
Week of May 4 Sessions: (See previous sessions below)
Session 4
Monday, May 4 | Alternative Sources of Funding
In addition to the PPP and EIDL loans, there are a variety of potential funding sources for small business owners – micro-financing, crowdfunding, grants and partnerships to name a few. In this session, learn about all alternative funding resources available in Arizona.
Session 5
Tuesday, May 5 | Negotiating Relief – Working with your Landlords and Utility Providers
In this session, explore different ideas and options on how to reduce costs and manage expenses during COVID-19, while learning from experts on how to work with your landlords and utility providers during the crisis.
Session 6
Wednesday, May 6 | How to Cut Costs and Manage Cash Flow
Companies that can preserve cash are likelier to return stronger when the economy begins to reopen. In this session, discover creative ways to cut costs and preserve cash, ensuring you have enough in the bank to return stronger.
Supplemental Webinar:
What you need to know about the Paycheck Protection Program
“What you need to know about the Paycheck Protection Program” is a supplemental webinar as a part of an educational series led by the Arizona Commerce Authority.
This session done in partnership with the Arizona Bankers Association covers essential information about the Paycheck Protection Program, including:
- Who is eligible for the program?
- How much can a business borrow?
- What can the loan be used for?
- What are the terms of the loan?
- How much of the loan is forgivable?
- What other financial resources and alternatives are available?
Arizona Bankers Association President and CEO Paul Hickman hosts this webinar with experts Jack Barry, Chairman of the Arizona Bankers Association and CEO & Chairman of Enterprise Bank & Trusts Arizona region, and Michael Thorell, former Chairman of the Arizona Bankers Association and President & CEO of Arizona Federal Credit Union.
To easily navigate the webinar, please follow these bookmarks.
- 00:00: CARES Act: Paycheck Protection Program Introduction
- 03:02: Important Highlights for Business Owners
- 05:56: Business Qualifications and Eligibility Checklist
- 09:24: Lenders Will NOT Require…
- 10:28: How Much Can I Borrow?
- 11:42: Payroll Costs: Further Defined
- 14:39: Loan Terms
- 15:45: Loan Forgiveness
Previous Sessions:
Session 1
Monday, April 27 | PPP & EIDL Application Workshop
Learn about the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) application process, how to claim funds and loan forgiveness.
Session 2
Tuesday, April 28 | Sources of Quick Cash
There are multiple ways to secure the cash you need to boost your cash flow into positive territory. Learn about six sources of quick cash to put your business on the path to prosperity.
Session 3
Wednesday, April 29 | Engaging with your Banker and Considering Alternative Sources of Funding
Learn strategies to work with your bank to receive business support. This session aims to demystify the lending process, while also sharing ideas on alternative sources of lending.
Office Hours
Thursday, April 30
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