In a current joint press launch, the Santa Barbara South Coast Chamber of Commerce and Santa Maria Chamber of Commerce expressed recognition of the significance that Hispanic and minority-owned companies have locally. As they’ve shared Covid-19 info and assets with group enterprise homeowners, they’ve recognized a niche. Whereas many Hispanic-owned companies have already taken steps to use for monetary help by means of the Paycheck Safety Program (PPP), there are nonetheless numerous smaller, native companies that haven’t but finished so. Whereas there may be nonetheless time to use, funding is shortly being distributed and will run out previous to the Might 21 deadline.
In 2012, the US Census Bureau surveyed Santa Barbara County enterprise homeowners and self-employed individuals and decided that 10,340 had been thought of minority owned, accounting for 26% of all these surveyed.
The PPP mortgage may help small companies who’ve struggled within the pandemic by maintaining their staff on payroll. Moreover, companies that borrow could also be eligible for PPP mortgage forgiveness. This funding is barely accessible till Might 21. “With the deadline approaching shortly, it’s completely important for enterprise homeowners to use in order that they might profit from this chance,” acknowledged the joint chambers’ assertion. “The chambers advocate for all the enterprise group and have made assets accessible, in each English and Spanish, to make sure entry to monetary safety amid Covid-19.” Go to SBSCchamber.com or SantaMaria.com for assets that help the Hispanic enterprise group.
— to www.coastalview.com
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