Webinar about SBA Programs during the COVID-19 Process

The Albany Chamber of Commerce hosts a webinar with Margaret Jackson and Ron Barrett from the Alameda County Small Business Development Center (ACSBDC) to discuss the programs available through the Small Business Association (SBA) for Albany businesses, services available from the ACSBDC, the process of applying for the EIDL and PPP loans, and more.

Key Time Indexes:

  • Welcome and Introductions: 0:00:00 - 0:00:41
  • About the ACSBDC and SBA & How they can help you: 0:00:41 - 0:07:00
  • When Stay-at-Home Order Ends: 0:07:00 - 0:09:40
  • How to get Information: 0:09:40 - 0:32:20
  • Questions: How do you get an ACSBDC Advisor: 0:33:20 - 0:38:32
  • What type of businesses can apply for the EIDL and PPP Programs, Sole Proprietors? 0:38:33 - 0:39:55
  • Will the City of Albany have policies for businesses reopening? 0:39:56 - 0:43:10
  • Basics about the programs and ACSBDC services: 0:43:11 - 0:51:20
  • How long does it take to get an ACSBDC Advisor? 0:51:35 - 0:54:50
  • If already applied for EIDL, how long wait for response? 0:55:09 - 1:00:18
  • Where can businesses get PPE when they reopen? 1:00:19 - 1:01:10
  • Should you reapply if you haven't heard about a EIDL loan or advance? 1:01:15 - 1:02:15
  • If applied for PPP through one provider and hasn't gone through, can you apply through another provider like Intuit or PayPal? 1:02:15 - 1:04:10
    , 1:09:30 - 1:10:45
  • What can a business do if they can't get help? Just close-up shop? 1:04:15 - 1:09:30
  • What is the tax status of money received through a forgiven PPP Loan? 1:10:45 - 1:12:30
  • When will the EIDL program reopen? 1:12:53 - 1:14:20
  • How do these programs apply to sole proprietors, real estate agents, independent contractors, etc? 1:14:20 - 1:21:15

Webinar Chat Transcript

  • 13:04:43 To Albany Chamber of Commerce : Q for later: Will there be another community meeting for best practices for re-opening or are you deferring to Alameda county guidelines?
  • 13:07:22 To Albany Chamber of Commerce : Question. Looking for resources for consultant. I provide training and meeting facilitation for CBOs, schools, health facilities.
  • 13:09:25 To Participant: Got your message. Are you asking about specific SBA grants or loans for sole proprietors?
  • 13:09:41 To Albany Chamber of Commerce : Yes, thank you
  • 13:09:55 To Participant: Great. I'll be sure we ask this if it isn't covered.
  • 13:31:26 From Participant : how do we get an advisor?
  • 13:31:56 From Participant : Facebook grant, pl share more info
  • 13:32:04 To Participant: Thanks for your message. I've added it to the list and we'll be sure to cover it.
  • 13:33:14 To Participant: I don't know if we're going to get to the Facebook program today (these folks are from the SBA), but here is the Facebook page about their program: https://www.facebook.com/business/boost/grants
  • 13:38:08 From Participant : How do we get an assigned advisor?
  • 13:38:46 To Participant: Thanks for your message. I've added it to the list and we'll be sure to cover it.
  • 13:39:02 To Albany Chamber of Commerce : Thanks!
  • 13:41:29 From Albany Chamber of Commerce : https://www.acsbdc.org
  • 13:42:33 From Albany Chamber of Commerce : acsbdc@ohlone.edu
  • 13:42:52 From Participant: Will SBA be helpful in providing health safety resources, e.g. masks and sanitizers, to assist us as we prepare to re-open to the public?
  • 13:43:18 From Participant : What was the email?
  • 13:43:26 To Participant: Thanks for your message. I've added it to the list and we'll be sure to cover it.
  • 13:43:33 From Albany Chamber of Commerce : acsbdc@ohlone.edu
  • 13:50:38 To Albany Chamber of Commerce : only for unemployment
  • 13:51:01 From Participant : applied for PPP - on 4/6 no answer as of yet
  • 13:51:10 From Participant : I've gotten email confirmation from Bank of America that PPP loan is being processed.
  • 13:51:24 From Participant : Haven't heard anything back from SBA loan.
  • 13:51:30 From Participant : EIDL yes
  • 13:51:34 From Participant : no words yet
  • 13:51:47 From Participant : Can you apply for PPP loans and also for CA EDD for underemployment?
  • 13:52:05 From Participant : what is the best way for the City to communicate with you as we moved forward?
  • 13:52:12 From Participant : Submitted application for PPP, Wells Fargo waiting for next round of funding to continue processing
  • 13:53:03 From Participant : what if a business doesn't qualify or what if they are worried about taking out a loan? When would you advise a business to just close?
  • 13:56:26 From Participant : what is the time line again for getting assigned an advisor?( From the time you fill out the form on the acsbdl website to getting assigned)
  • 13:57:40 From Participant : If I applied on the SBA site for the SBA loan, do I apply again on you website?
  • 13:58:12 From Albany Chamber of Commerce : @erika After you register on the ACSBDC website, it will automatically ask you for a time to schedule an advisor follow up within days
  • 13:58:35 From Participant : I have applied for PPP loan through my bank, but have been contacted by Intuit for a PPP loan. They have my payroll info already and can populate the forms for me. My question is can I apply a second time, then see which one comes through?
  • 14:01:25 From Participant : If your PPP loan is forgiven how is that money viewed for tax purposes…will it be included or excluded from your gross revenue?
  • 14:02:08 From Participant : EIDL advance does or does not have to be paid back?
  • 14:02:54 From Albany Chamber of Commerce : The EIDL advance does not need to be paid back
  • 14:03:12 From Participant : thanks
  • 14:03:28 From Participant : you can pick up PPE from commercial suppliers. I just purchased masks from Rexel Electrical supply in Oakland.
  • 14:04:11 From Participant : If you applied for a PPP loan via the SBD website, do you also have to fill out a separate application with your lender or does the SBD send your request to the lender?
  • 14:05:27 From Albany Chamber of Commerce : You have to apply with the PPP directly with a lender. You can not apply directly through the SBA or ACSBDC
  • 14:06:53 From Participant : when will the new EIDL applications be available?
  • 14:07:54 From Albany Chamber of Commerce : https://docs.google.com/forms/d/e/1FAIpQLScuhydKSTGrluOKktBEbDJ7ypa0MyFiF6ywXpE0g6Nhjym89A/viewform
  • 14:10:19 From Participant : What is the difference between IDL and the PPP
  • 14:12:47 From Albany Chamber of Commerce : Here are the differences... https://www.acsbdc.org/sites/default/files/00_covid19_4-3-20_cares-act-ppp_1.pdf
  • 14:13:12 From Margaret Jackson : EIDL LOAN
  • 14:13:31 To Albany Chamber of Commerce : Are there grants available for sole proprietors?
  • 14:15:10 From Margaret Jackson : PPP
  • 14:15:16 From Margaret Jackson : EIDL ADVANCE
  • 14:24:29 From Deborah Jordan : Mellisa you can apply for unemployment too
  • 14:25:33 From Ron Barrett : https://documentcloud.adobe.com/link/track/?uri=urn%3Aaaid%3Ascds%3AUS%3A7417c85f-9d96-4339-91e6-10f8cbabcca4&pageNum=1
  • 14:27:18 From Ron Barrett : Gotta run... client appointment..
  • 14:27:52 To Albany Chamber of Commerce : larhonda60@att.net
  • 14:29:16 To Albany Chamber of Commerce : Crystal my email is larhonda60@att.net
  • 14:29:23 From Participant : https://edd.ca.gov/about_edd/coronavirus-2019/pandemic-unemployment-assistance.htm

Albany Chamber of Commerce
PO Box 6434
Albany, California 94706
(510) 525-1771 • contact

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