The Mountain Association is now offering Paycheck Protection Program (PPP) loans through a partnership with the US Small Business Administration.
We strongly encourage all business and organizational leaders to investigate eligibility as these loans can be fully forgiveable.
The program had a rough launch at the beginning of the pandemic. Many business owners found the requirements confusing or assumed they would not qualify, and the first round of funding quickly ran out. Since then, there have been several key changes to the program in response to what small business owners and nonprofit leaders have said they need. Importantly, sole proprietors, businesses and organizations without employees, and non-profit groups may also qualify for this program. If you are unsure if you qualify, please contact us.
To help ensure the accuracy of your PPP application and increase the likelihood that the repayment of your PPP loan is forgiven, we have arranged for our clients to work with an accountant, at our expense, to gather the required documentation.
To get the PPP application process started, there are two simple forms for you to review and fill out:
1) Our Business Support Services form – download and email to Ketaki at ketaki@mtassociation.org.
After you have completed both steps, you will then be contacted by someone at Blue & Company, the accounting firm we have partnered with. Again, we will cover the cost of your work with Blue & Company. They will assist in the documentation gathering that you will need to complete your application. You will then bring your documents back to us via email, and we will process the PPP application via the SBA application portal. All of this work, including the document submission, will be completed via the internet. There are no fees to apply. Please note: the Mountain Association serves the 54 Appalachian Kentucky counties. If you are outside of this service area, please contact your local bank for information on where you can apply for PPP.
If you have questions before you apply, then please feel free to contact Amanda Brewington, Lending Specialist, by email at amanda@mtassociation.org or phone (859) 671-0227.
Please note: as of late March, Congress has extended the PPP deadline to May 31, 2021.
