Paycheck Protection Program

Paycheck Protection Program (PPP) is a loan designed by the US Govt, and implemented by the SBA, to provide a direct and immediate incentive for small businesses to keep their workers on the payroll, and thus avoid large scale job losses, because the SMBs create over 50% of the total jobs across America.

SBA will forgive loans if all employees are kept on the payroll for eight weeks, and the money is used for payroll, rent, mortgage interest, or utilities.

You can apply through any existing SBA 7(a) lender, or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program.

Lenders may begin processing loan applications as soon as April 3, 2020.
The Paycheck Protection Program will be available through June 30, 2020.
Please check with your local lender whether it’s participating in the program.

Who Can Apply
The following entities affected by Coronavirus (COVID-19) may be eligible:

  • Any small business concern that meets SBA’s size standards (either the industry based sized standard or the alternative size standard)
  • Any business, 501(c)(3) Non-profit organization, 501(c)(19) Veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of: 500 employees, or that meets the SBA industry size standard if more than 500.
  • Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) with more than one physical location, and employs less than 500 per location
  • Sole proprietors, Independent Contractors, and Self-employed persons.

Please see this page to learn more details. Thanks.
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp

USF Federal Credit Union Donates 300 Meals to Tampa General Hospital Frontline Workers

TAMPA, Florida, April 10, 2020 — USF Federal Credit Union (USF FCU) donated meals to Tampa General Hospital’s (TGH) frontline staff as a thank you for their tireless dedication to keeping the Tampa Bay area safe by battling the spread of coronavirus.  Three hundred healthy meals were prepared and delivered by Harvest Bowl Eatery & Market of Seminole Heights.

“It is our privilege to be able to provide a comforting meal to the doctors, nurses and staff who are working around the clock amidst this COVID-19 outbreak,” USF FCU president and CEO Richard J. Skaggs said. “The work they’re doing is vitally important and we appreciate all those who are our frontline defense during this pandemic.”
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Adopt A Cat Rescue Shelter, Pet Services in Lake Park, Fl

Adopt A Cat Foundation, Inc. is a 501-C-3 non-profit organization, committed to finding loving homes for rescued cats and kittens. We are located in Lake Park, Florida in Palm Beach County. Founded by 30 year animal rescue veteran, Inga Hanley, the Foundation operates solely from donations and support from its volunteers. Continue reading