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The Small Business Administration’s $349 billion Paycheck Protection Program (PPP) has officially run out of funds. In an SBA PPP report published on Monday, April 13, over 17,000 applications and $3.75 Billion had been approved through the forgivable loan program. The notification on the SBA’s website, states the “SBA is currently unable to accept newRead more

The Coronavirus Aid, Relief, and Economic Security (CARES) Act directs the Department of the Treasury to make a one-time direct payment to individuals to help them recover from the economic impact of the COVID-19 pandemic.The payments, also referred to by some as stimulus payments, are automatic for most taxpayers. The federal government will send you aRead more

The first results are out concerning how the pandemic is impacting Acadiana businesses In March, a COVID-19 Business Impact Survey was conducted through a joint effort of the Acadia Parish Chamber of Commerce and business resource partners including One Acadiana, Opportunity Machine, Downtown Development Authority, Louisiana Small Business Center at UL Lafayette, Acadiana Workforce Solutions,Read more

**Updated March 30, 2020** Please note that as our nation and state take the necessary steps to address COVID-19 in Louisiana, the Acadia Parish Chamber of Commerce will do the same. All scheduled meetings are on hold, and our staff will be working remotely as much as possible as we all work together to prevent theRead more

Overview The Coronavirus Aid, Relief, and Economic Security (CARES) Act creates a refundable payroll tax credit for businesses (large and small) and non-profits that retain their employees during the COVID-19 crisis.  This is an optional refundable employer payroll tax credit of 50% of wages on the first $10k of wages per employee. Eligible wages areRead more

Following the declaration of a national emergency to combat the Coronavirus (COVID-19) pandemic, the Small Business Administration (SBA) launched the Economic Injury Disaster Loan Assistance (EIDL) program for small business owners in all US states, Washington D.C., and other US territories. EIDL loans are now available. On March 27th, 2020, President Trump signed into lawRead more

The Small Business Administration’s (SBA) disaster loans are the primary form of Federal assistance for the repair and rebuilding of non-farm, private sector disaster losses. The disaster loan program is the only form of SBA assistance not limited to small businesses. The Economic Injury Disaster Loan Program (EIDL) can provide up to $2 million ofRead more

SMALL BUSINESS PAYCHECK PROTECTION PROGRAM **Updated 4/27/20** Full Borrower Fact Sheet from U.S. Treasury Overview The Paycheck Protection Program (“PPP”) authorizes up to $349 billion plus an additional $321 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone. The PPPRead more

The Acadia Parish Chamber, along with regional partners, One Acadiana, are monitoring federal policies being discussed and implemented in response to the current COVID-19 pandemic. Below is information on recent federal actions to provide relief to America’s small businesses as of the evening of March 25. **The CARES Act was passed on Friday, March 27,Read more

Please note that as our nation and state take the necessary steps to address COVID-19 in Louisiana, the Acadia Parish Chamber of Commerce will do the same. All scheduled meetings are on hold, and our staff will be working remotely as much as possible as we all work together to prevent the spread of the virus.Read more