LAKE MINNETONKA BUSINESS GRANT: COVID-19 ASSISTANCE If your livelihood has been affected and greatly diminished by the COVID-19 pandemic, this grant is for you. Let us know what specific ways our community can come together to help you in your time of need. This grant is a rolling application process and all applications will be reviewed within 48 hours of receipt. APPLY NOW.
WEEKLY WEBINARS We hosted our first Supporting Small Businesses During Uncertain Times session ON March 13th. The group decided these sessions were beneficial for coming together & learning from one another as well as supporting each other. We will be hosting sessions bi-weekly on Wednesday mornings from 8:30-9:30 a.m. via Zoom. UPCOMING DATES: June 3rd June 17th July 1st
-This program can provide low-interest loans of up to $2 million to small businesses and private non-profits. -These loans may be used to pay fixed debts, payroll, accounts payable and other bills. -The current interest rate is 3.75% for small businesses. The non-profit rate is 2.75%. -These loans have long-term repayment options, up to a maximum of 30 years.
2. MINNESOTA STATE SMALL BUSINESS EMERGENCY LOANS - Can be used alongside SBA Loan Following Executive Order 20-15, DEED has established a loan program to assist small businesses affected by Executive Orders 20-04 and 20-08 following the COVID-19 pandemic. Small businesses are a vital part of Minnesota’s economy and this program will provide a source of working capital to help businesses sustain operations during this challenging time. APPLY NOW. 3. PAYMENT PROTECTION PROGRAM (PPP) As of Thursday, April 16th at 9:30 a.m. the $349 Billion for the PPP loans have officially run out. We are hoping more funds will be approved, but it will need to go back to the House & Senate for approval. We'll update here if anything changes.
4. SCAMS We are setting phishing scams (scams trying to spread malware and gain access to your credentials/logins) regularly now. They look like they are coming from the CDC or WHO. We are also seeing people get phishing emails claiming to provide advice on protecting against the virus, claiming they are medical experts, or claiming to be changes in Workplace Policies.
We are also seeing fake COVID-19 coronavirus interactive maps & links to malicious websites, both of which can infect the device you use it on. Do not click on links in social media. This is a huge way of how scammer become so successful.
At the end of the day, if you don’t know the email originator, don’t click on any attachments or links. Be sure to verify the email address and that it’s not a similar but different email address than what your contact(s) normally use. Don’t use social media for your news. Go to the actual website of a news outlet to get accurate, malware free information.
Stay Calm & Shop Local - 8.5"x11"
Stay Calm & Shop Local - Social Posts
For background and the most up-to-date information, please visit the Centers for Disease Control and Prevention Coronavirus Disease 2019 website:HERE
U.S. Department of Health and Human Services: · Twitter (here) · Facebook (here)
Centers for Disease Control and Prevention: · Twitter (here) · Facebook (here)