Press Releases

By Karen Kerrigan– The experiences of small business owners with regard to the Paycheck Protection Program (PPP) and “economic industry disaster loan” (EIDL) program has been erratic and confusing. It appears the PPP funds are slowly beginning to flow, but none of our members have received an EIDL loan or the $10,000 emergency advance (as of this writing on 4/7 […]

Business Intelligence, News and Policy Update by Karen Kerrigan-   Interim “Final” Guidance and Rules on the “Paycheck Protection Program” As expected, the Small Business Administration (SBA) released Interim “Final” Rules on the CARES Act “Paycheck Protection Program” (PPP) late yesterday.  SBE Council has reviewed the rules which can accessed here, and I provide some highlights […]

As expected, the Small Business Administration (SBA) released Interim “Final” Rules on the CARES Act “Paycheck Protection Program” (PPP).  SBE Council is reviewing the rules, which can accessed here. Hopefully, these rules will provide lenders and borrowers with the information they need to make decisions about participating in the PPP program.  

On April 2, SBE Council president & CEO Karen Kerrigan joined Neil Cavuto’s on his Fox News program to discuss the current state-of-play for small businesses, their understanding of what they need to be doing to apply for the COVID-19 SBA loans, and the outlook for the economy. Click here or the image above to […]

NEWS For Immediate Release Washington, D.C. – On March 31, the U.S. Treasury and Small Business Administration (SBA) published additional information and guidance about the “Paycheck Protection Program” (PPP) loan program included in the Coronavirus, Aid, Relief and Economic Security (CARES) Act, which offers small businesses loan forgiveness for payroll, certain benefits, rent and utilities […]

UPDATED April 3, 2020 SBA’s “Paycheck Protection Program” Applications Will Begin April 3 The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed by President Trump on March 27.  (The full text of the legislation is here.) The U.S. Treasury and Small Business Administration (SBA) have launched “Paycheck Protection Program” (PPP) and CARES Act […]

UPDATED April 3, 2020 by Karen Kerrigan- The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed by President Trump on March 27.  (The full text of the legislation is here.) SBA’s “Paycheck Protection Program” Applications Will Begin April 3 The U.S. Treasury and Small Business Administration (SBA) have launched “Paycheck Protection Program” (PPP) […]

The Committee on Small Business & Entrepreneurship of the United States Senate has created a Frequently Asked Questions (FAQs) document on SBA loans related to the CARES Act and COVID-19. The document focuses largely on the new SBA 7(a) Paycheck Protection Program (PPP) loans, as well as issues related to Economic Injury Disaster Loans (EIDLS) […]

NEWS For Immediate Release March 27, 2020 Washington, D.C. – Following passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act by the U.S. House today, Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan issued the following statement: “Small businesses across America are eagerly awaiting the critical capital access provisions […]

NEWS For Immediate Release Washington, D.C. – Following passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act by the U.S. Senate (96-0) in the early morning hours of March 26, Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan issued the following statement: “Small businesses across America are in distress […]