The Second Draw Paycheck Protection Program (PPP) loan intended to help small business owners during the coronavirus pandemic was set to expire on March 31, 2021, but was recently extended through June 30, 2021. There are many businesses still hoping to receive funding. If you’re one of them, read along as we answer a few frequently asked questions surrounding the Second Draw PPP loan.
COVID19
Chamber Investor Listing: Local Restaurants
As you know, COVID-19 has greatly impacted businesses all over and particularly small businesses such as restaurants have suffered the most. To help mitigate some of the effects, we encourage you to safely patronize the following local restaurants that have invested not only in the Chamber, but in the Greater Memphis Region:
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Recap: Mid-Year Chairman’s Forum
On June 23, the Chamber held its annual Mid-Year Chairman’s Forum, giving the full membership and guests an opportunity to learn about the what the Chamber has been engaged in so far this year and about the work that’s underway.
Chamber President & CEO Beverly Robertson welcomed the attendees and introduced Chairman Willie Gregory as he informed the group on how the Chamber is working to combat impacts of COVID-19 as well as racial injustice. Following Gregory’s update, keynote speaker Benjamin Pring, co-founder of Cognizant’s Center for the Future of Work, presented on how the future of the workplace will be affected due to the impact of coronavirus.
Pring shared that “technology is changing the rule of business” signifying that the way in which we interacted with each other before would now be conducted more often in the digital space. The pandemic has sped up the shift towards the new dependence on technology forcing companies and employees to quickly learn and adjust to this new form of communication.
As companies pivot to incorporating new technology in their business model, Pring shared that human qualities such as passion and empathy would become more important and have more value as machines take on more hands-on responsibilities and are less likely to leave a personal touch.
How to Ace a Zoom Interview
During the #Coronavirus pandemic, interviews can still happen, but they will likely not be face to face. A virtual interview has a much different feel than in person, and can be arguably more intimidating. But don’t stress, here’s some expert advice to ensure you nail your virtual interview!
My PPP loan was Funded….Now what? FAQ Part 2
Since inception by way of the CARES Act, the Paycheck Protection Program (PPP) has been the prime focus for American small businesses. That focus has generated many questions and concerns as such a massive program pieced together in a very short period of time is inherently subject to ambiguity and unintended outcomes.
On Friday, May 15, 2020, the U.S. Small Business Administration (SBA) released an application with instructions for how PPP borrowers can receive forgiveness for a PPP loan. The application addressed mathematical questions and provided some clarity on terms previously undefined, but much remains to be answered. Additional regulations and guidance are anticipated from the SBA to assist in completion of the application. Although the forgiveness application and instructions address some of borrowers’ questions, there are still questions many borrowers are asking themselves.
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My PPP loan was Funded….Now what? FAQ Part 1
Since inception by way of the CARES Act, the Paycheck Protection Program (PPP) has been the prime focus for American small businesses. That focus has generated many questions and concerns as such a massive program pieced together in a very short period of time is inherently subject to ambiguity and unintended outcomes.
[Read more…] about My PPP loan was Funded….Now what? FAQ Part 1
How Infectious Is Your Safety Culture
How to Maintain a Strong Relationship with Your Bank
The outbreak of COVID-19 has created an unprecedented environment for individuals and business owners alike. However, there are plenty of actions you can take today to ease financial stress and help your business stay afloat. It can’t be stressed enough how important it is to have a strong relationship with your bank.
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The Greater Memphis Chamber is more dedicated than ever to building a strong and prosperous business community in Memphis & Shelby County. Already in 2019, we have enhanced many of our offerings at the Chamber to help our businesses generate more local business, find and keep the talent they need to build a strong future for your business and build your brand’s visibility in the local market and beyond.
Memphis Reset: Reopening Resources
Below is a collection of resources available to businesses in the Greater Memphis region as they prepare for phased reopening. For full details of the Back-to-Business Plan and all phases, visit https://backtobusiness.memphistn.gov.
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Quick Guide to Reopening Phases 1-3
This resource includes an overview of each recommendation for all business types eligible to be open in Phase 1. The guide outlines guidance for environmental, behavioral and procedural changes recommended for repopulation of workspaces permitted under Phase 1 of the Back to Business plan.
LITK Recap: What to Expect & Accept
On April 30, the Greater Memphis Chamber Small Business Council hosted Lunch In The Know Webinar “What to Expect & Accept” featuring Dr. Reginald Coopwood – President & CEO Regional One Health.
Local Listing of Sanitation Products, Signage & PPE Suppliers
The following local companies are suppliers of Personal Protective Equipment and sanitation products. If you have a source for PPE or sanitation and cleaning products or services, please contact us to be added to the list.
Tennessee Governor Bill Lee is offering Infrared Forehead Thermometer for sale to Tennessee businesses only. Purchase here.
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