For More Info
Contact Erica Hallman
- (314) 376-5676
You may also contact any of the following:
MOSource Link Hotline
- (866) 870-6500
Small Business Technical Assistance Center
- (314) 405-8400
St. Louis Economic Development Partnership
- (314) 615-1777
Paycheck Protection Program (PPP) Loans:
The U.S. Small Business Administration is offering Paycheck Protection Program loans until May 31, 2021. PPP loans provide a direct incentive for small businesses to keep workers on payroll.
From now until the program closes to new applications, there is an emphasis on small businesses and nonprofits with fewer than 20 employees. Self-employed individuals, independent contractors, and sole proprietors are also eligible.
Applications for PPP loans are filed through local lenders.
Community Development Financial Institutions like Justine Petersen also have funds available for PPP loans to local small businesses and offer PPP loan support.
- Contact Senior Loan Counselor Shawna Collier at Justine Peterson for more information: 314-533-2411 ext. 136 or email@example.com.
Free Legal Assistance for Small Business PPP Loans:
The Urban League & Lewis Rice have partnered to provide free legal services to Black-owned businesses applying for PPP loans or seeking guidance before using any of the funds.
- Contact Karla Allen for immediate assistance: firstname.lastname@example.org
PPP Loan Forgiveness:
Paycheck Protection Program loans of less than $50,000 can apply to receive forgiveness from the Small Business Administration. These small borrowers are exempt from reductions in the forgiveness amount based on reductions in their full-time equivalent employees or their employees’ salary and wages.
The SBA released a new forgiveness application form on Oct. 9, 2020—but some lenders may have their own versions of this form, so it is important to check with your lender on their forgiveness process.Download SBA form