The Virgin Islands Small Business Development Center reminds small businesses of the Paycheck Protection Program approaching deadline.

Posted on February 25, 2021 in Press Releases

CHARLOTTE AMALIE, U.S. Virgin Islands –February 25, 2021 –The VI SBDC encourages small businesses affected by COVID-19 to apply for PPP federal disaster assistance before March 31 st deadline. Counselors and consultants are available to provide confidential consulting and no-cost assistance with application submission.

“Now is the time to contact the VI SBDC if you need assistance with the Federal Paycheck Protection Program as this funding opportunity is scheduled to end March 31, 2021. We urge small business owners to gather the necessary documentation to submit their applications,” stated Ted J. Gutierrez, VI SBDC State Director.

The SBA has made available, a cross program eligibility chart on SBA Coronavirus Relief options to
bring clarity to small businesses for financial support. You can visit their website at
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/cross-programeligibility-sba-coronavirus-relief-options. The VI SBDC has published COVID-19 resources in the form of guides with the programs explained, business resiliency, how to calculate loan amounts, borrower and forgiveness applications and fillable reopening signs. These are available at www.visbdc.org by selecting the COVID-19 Resources tab.

For technical assistance and/or media inquiries, contact the Virgin Islands Small Business
Development Center by telephone at 340-693-1694 or email at marketing@visbdc.org

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