(February 26, 2021 - Blue Ash)
The Greater Cincinnati COVID-19 Small Business Response and Recovery Initiative is offering help and financial assistance to small businesses to help them rebound from the pandemic.
Employers with fewer than 20 employees are advised to take advantage of a 14 day exclusive application period which started on Wednesday, February 24, 2021.
Small businesses that sign up for the Initiative can now apply for a Paycheck Protection Program (PPP) loan exclusively through the National Development Council’s Grow America Fund.
Small business owners can now take advantage of these additional announced changes:
- Revised loan calculations for sole proprietors, independent contractors, and self-employed individuals to receive more financial support
- Elimination of exclusionary restrictions preventing applicants with prior non-fraud felony convictions from accessing funds
- Elimination of exclusionary restrictions preventing applicants who are delinquent on their federal student loans from accessing funds
- Ensure access for non-citizen small business owners who are lawful U.S. residents by clarifying that they may use Individual Taxpayer Identification Numbers (ITINs) to apply for relief