Southeast Conference is working with the delegation to identify needs that can be met in the next round of federal relief. If you have comments or input, email us at info@seconference.org
Alaska Small Business Development Center
The impact of Coronavirus disease (COVID-19) on Alaskan communities and businesses is changing daily. The Alaska SBDC is here to support and prepare small businesses in the days, weeks, and months to come. Here you will find guidance, updates, and resources to help adapt in an unpredictable situation.
For more information on resources that may be available to you, please visit the Alaska Small Business Development Center’s Website
SBA and Treasury Announce Simpler PPP Forgiveness for Loans of $50,000 or Less
The SPA and Treasury have eased the burden on PPP lenders, allowing lenders to process forgiveness applications more swiftly. SBA began approving PPP forgiveness applications and remitting forgiveness payments to PPP lenders for PPP borrowers on October 2, 2020. SBA will continue to process all PPP forgiveness applications in an expeditious manner.
Instructions for the Simpler Forgiveness Loan Application
Copy of the Simpler Forgiveness Loan Application
Interim Final Rule on the simpler forgiveness process for loans of $50,000 or less
Alaska Small Business Legal Clinic
Alaska small businesses and nonprofits with 50 or fewer employees can access free attorney consultations to help with COVID-related legal issues, such as government relief programs, commercial leases, contracts, and employment law questions. To register for a free consultation, visit the Alaska Small Business Leage’s website and fill out a screening form. Once you submit the form, an attorney will follow up within three business days to arrange a 45 minute phone or video consultation. This clinic is available September 21, 2020 through April 2021, and is sponsored by Alaska Legal Services Corporation, Perkins Coie, and Lawyers for Good Government.
Questions can be emailed to AKSmallBusinessLegalClinic@gmail.com
Click here for more information about the Alaska Small Business Legal Clinic.
AK CARES Program Oversubscribed
The AK CARES program has been oversubscribed, meaning more funds have been requested than are available. However, applications will be accepted until 5:00pm on Tuesday, September 15th. If remaining AK CARES grant funds are available after all applications received between June 1st and September 15th have been processed, the online application portal will be re-opened with advance notice to the public.
If you choose to submit an application on or after September 2nd, please be aware that there is a high likelihood your application may not be funded. If you are looking for other funding programs that may be available to you, please visit COVID-19 Recovery Resource Portal for Business website.
For more information, please visit the Department of Commerce Website: https://www.commerce.alaska.gov/web/