Three Forks Chamber Weekly Bulletin February 1st - February 7th
"There are only two ways to live your life.
One is as though nothing is a miracle.
The other is as though everything is a miracle."
We are starting to Plan!
Your Three Forks Chamber is starting to plan our Annual Dinner and invite you to participate.
Would you like to have a banner? Or be a Sponsor?
How about donate to the Silent Auction?
Maybe you want to come and enjoy a wonderful night with
great people, wonderful food, and good fun? EMAIL US to secure your place or ask any questions!
The 2021 Three Forks Chamber Annual Dinner is Coming Soon!
Garage door installation, repairs, replacements, and upgrades
available in Three Forks, Manhattan, Ennis, Belgrade and more!
Wherever you are, these guys will go!
Call the local expert: 406-595-9411 https://doctordoorbozeman.com/
~Leandra Hill Agency is sponsoring a Valentine's Day Basket~ The Raffle Basket will be located at Main Street Office all next week!
Raffle entry is free.
Raffle winner will be drawn Friday at 3pm
so you can have it for Valentine's day!!!!
Lots of Great information from our SBA
US Small Business Administration
Below are a number of updates on roll out of various SBA COVID resources. Pick and choose what you are interested in or enjoy reading them all if you prefer. Links to applicable web pages/documents are included.
PPP data through 1/24/21
Paycheck Protection Program (PPP) Report: Approvals through 01/24/2021 CLICK HERE
National: 400,580 PPP loans for $35,017,654,071
Montana: 2,361 PPP Loans for $158,197,464
PPP Information - Reminder, updated information on PPP (and other SBA assistance) can also be found on the SBA website. CLICK HERE
Shuttered Venues Operators Grant - SBA has provided a FAQ document with some additional information (8 pages worth) which was put up today on the SBA website.
Shuttered Venue Operators Grant CLICK HERE
Targeted EIDL Advance - We have been getting a lot of questions related to the Targeted EIDL Advance program. I have put a copy/paste of information on the SBA website below (in italics) for quick reference and a link to the EIDL page (where you can check for additional updates).
COVID-19 Economic Injury Disaster Loans CLICK HERE
COVID-19 Targeted EIDL Advance was signed into law on December 27, 2020, as part of the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act. The Targeted EIDL Advance provides businesses located in low-income communities with additional funds to ensure small business continuity, adaptation, and resiliency.
Advance funds of up to $10,000 will be available to applicants located in low-income communities who previously received an EIDL Advance for less than $10,000, or those who applied but received no funds due to lack of available program funding.
Applicants do not need to take any action at this time.
SBA will reach out to those who qualify.
SBA will first reach out to EIDL applications that already received a partial EIDL Advance (between $1,000 - $9,000). Applicants will be contacted directly by SBA via email in the coming weeks with instructions to determine eligibility and submit documentation.
All communications from SBA will be sent from an official government email with an @sba.gov ending. Please do not send sensitive information via email to any address that does not end in @sba.gov.
Applicants may qualify if they:
Are located in a low-income community. The definition of a "low-income community" is defined in section 45D(e) of the Internal Revenue Code. Note that the applicant must be located in a low-income community in order to qualify. Additional details on how SBA will identify low-income communities will be available soon on our Coronavirus Relief Options CLICK HERE
Can demonstrate more than 30% reduction in revenue during an 8-week period beginning on March 2, 2020, or later. If an applicant meets the low-income community criteria, they will be asked to provide gross monthly revenue (all forms of combined monthly earnings received, such as profits or salaries) to confirm the 30% reduction.
Next, SBA will reach out to those who applied for EIDL assistance on or before December 27, 2020, but did not receive an EIDL Advance due to lack of program funding. These applicants will receive an email from SBA with instructions to determine eligibility and submit documentation. Applicants may qualify for a Targeted EIDL Advance if they meet the above criteria (low-income location and reduction in revenue) AND:
o Have 300 or fewer employees. Business entities normally eligible for the EIDL program are eligible, including sole proprietors, independent contractors, and private, nonprofit organizations. Agricultural enterprises are not eligible.
All applicants may be asked to provide an IRS Form 4506-T to allow SBA to request tax return information on the applicant's behalf.
Please do not submit duplicate COVID-19 EIDL applications. Only prior applicants will be considered for the Targeted EIDL Advance.
SBA will reach out to you if you qualify!
Info Notice - Economic Aid Act and 7(a) Loan Program Modifications
The Office of Financial Assistance announces modifications to the 7(a) Loan Program contained in the Economic Aid Act, including temporary higher guaranty percentages and fee reductions on eligible 7(a) loans, and an increase in the maximum SBA Express loan amount.
Info Notice - Elimination of 504 Fees
The Office of Financial Assistance announces the temporary elimination of certain 504 Loan Program fees due to the Economic Aid Act.
Info Notice: Letter Sent to Borrowers on Section 1112 Payments
The Office of Financial Assistance announces a Notice to Lenders that SBA has Informed Eligible Borrowers of Assistance Available under Section 1112 of the CARES Act.
Brent E. Donnelly
District Director - Montana
U.S. Small Business Administration 10 West 15th Street - 1100
Helena, MT 59626
2020 Chamber of Commerce
President Brooke Leugers, Member
Vice President Julia Caruana, Cowgirl Creativity
Treasurer Ranee Berg, Chiropractic Clinic of Three Forks
Director Chuck Wambeke, Electrical Consultants, Inc.
Director Dave Tudor, Tudor and Associates
Director Jill Ypma-Peterson, Three Forks Youth Rec Group
Cheers to our Platinum Members and our Board Members
Three Forks Chamber of Commerce
PO Box 1103
Three Forks, MT 59752