The City of Mankato has created a recovery loan program to assist small businesses in Mankato. Businesses with 50 or fewer employees may apply for a deferred loan of up to $25,000 through this program for property and business improvements to help reopen and operate
This is a guest blog post by Greater Mankato Growth member, Mankato Clinic. Our economy has been turned upside down and sideways. Even as businesses reopen, worry about surviving the economic impact is reasonable and common. Amid this uncertainty, here are some ways to manage
Under the Paycheck Protection Program (PPP) created by the CARES Act, loans may be forgiven if borrowers use the proceeds to maintain their payrolls and pay other specified expenses. The Treasury Department and Small Business Administration recently released the application form and instructions for loan
As businesses reopen, some are restricted to certain limitations based on a percentage of total occupancy. Below is information to help you determine the occupancy capacity for your business.
If your company is looking for PPE or other COVID-19 related resources as you reopen, it may be worthwhile to check out the Minnesota Chamber of Commerce’s MN Supplier Match to help you find the PPE you need. The Supplier Match database has over 1000
Governor Tim Walz today announced a new executive order that would allow for additional businesses to reopen effective June 1 (Phase II). The governor additionally outlined additional phases (Phases III & IV) that will be coming in the future as the state continues to reopen
This is a guest blog post from Greater Mankato Growth member, Mayo Clinic Health System. As the impact of COVID-19 increased in the United States, and Minnesota and Mankato began to brace for the impact in our area, a number of changes began in the
The Small Business Administration (SBA) has released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security
The City of Mankato has created a sustaining loan program to assist small businesses in Mankato. This loan is for Mankato businesses with 50 or fewer employees who have had a revenue decrease of 50% of more due to the COVID-19 pandemic. Eligible business owners
This is a guest blog post by Greater Mankato Growth member, Eide Bailly LLP. Several relief programs are in play in an effort to combat the impact of COVID-19 on businesses and organizations. One of the key programs is the Paycheck Protection Program (PPP). Here are five
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