PPP mortgage program accepting purposes
The Small Enterprise Administration (SBA) was on Tuesday set to reopen the Fee Safety Program (PPP) mortgage portal to all lenders.
The favored small enterprise help program resumed Jan. 11.
The SBA is prioritizing mortgage purposes from smaller lenders, resembling group banks and credit score unions, as a part of the company’s effort to succeed in underserved and minority companies, the SBA stated in a information launch final week.
As of Tuesday, all PPP lenders can submit first- and second-draw purposes, the SBA stated.
About 1,800 Skagit County companies obtained PPP loans in the course of the first spherical of funding final 12 months, in keeping with federal information.
The SBA says it’s going to forgive loans if companies meet standards resembling spending 60% of mortgage funds on paying workers.
The SBA has forgiven 1.1 million loans totaling over $1 billion, in keeping with a information launch.
Skagit Ag Summit to happen nearly
The sixth annual Skagit Ag Summit will happen from 9 a.m. to three p.m. on Jan. 29 on Zoom.
The free convention focuses on points affecting the agriculture trade in Skagit County.
This 12 months’s summit will characteristic classes on water availability and water high quality, methods farmers are conserving their companies in operation, financial viability of agriculture, and innovation, in keeping with the agenda.
Worth added producer grant workshop scheduled
Agricultural producers can attend a web based workshop on Feb. 2 to be taught extra concerning the U.S. Division of Agriculture’s (USDA) Worth Added Producer Grants program.
The free workshop is scheduled for 9 to 11:30 a.m.
This system has benefited producers within the Puget Sound area, and has supplied working capital grants of as much as $250,000.
USDA representatives will give a program overview and workers from the Northwest Agriculture Enterprise Heart in Mount Vernon will give examples of previous profitable purposes from farmers.
The workshop may even embody a dialogue with space farms who’ve obtained grants.