6. What are roasters doing? Which SBA programs seem to apply?

Eileen Tausch in Cincinnati, Ohio

I've been talking to every roaster that will talk to me. The summary seems to be that roasters are all practically reinventing their business every week as the conditions change, sometimes due to governor executive orders and often also due to evolving circumstances with employees. Stressful and overwhelming for most, such that finding a clear path with these SBA offerings has been confusing. 

I hear a lot of distrust of anything that smells like debt. But yesterday I was on a town hall call with Sen. Gary Peters who oversees the committee in charge of FEMA. He was absolutely adamant that the Paycheck Protection Program (PPP) (see this blogpost) loans are meant to be forgiven and your lender will have the tools to help you be qualified to have your loan turn into a grant.

Where do you apply? At an SBA Lender. BIG NEWS today is that there is now a way to easily search for a lender new you! (This link JUST came on line today - thank you SBAM for dogging SBA to create this!)

Would you consider joining the webinar we're having Tuesday, Apr. 7, 11am EST? There are usually only one or two roasters on the call and it is a great time of discussion among colleagues, as well as me offering insights on the 'loan landscape.'

Join Zoom Meeting  

Topic: Loan Application Assistance for Roasters
Time: Apr 7, 2020 11:00 AM Eastern Time (US and Canada)
https://zoom.us/j/8108385927
Meeting ID: 810 838 5927

Look forward to seeing you there!