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TAB Offers “How-To” Webinar on SBA Loan Programs

- Foundation Offers Help to Broadcasters Infected, Laid Off

The first few days of the federal government’s financial lifeline to businesses amid the pandemic have been rocky, so TAB is offering a webinar on Thursday, April 9, to help member stations and Associate member firms gauge which program is best for them. TAB’s federal legal counsel, Pillsbury Winthrop Shaw Pittman, is producing the content.

Webinar attendees will learn the nuts and bolts of applying for the Small Business Administration loans that form the heart of the financial rescue package, from Economic Injury Disaster Loans to the new Paycheck Protection Program. You’ll come away with the information you need to apply and how to avoid mistakes that could cause headaches later.

For anyone who applied for an SBA loan last week, the SBA released new guidance for banks as to who may apply for such loans this past Friday, causing most banks to withdraw the forms they were planning to use and issue new forms.

The SBA has indicated they anticipate issuing further clarifications, likely this week. For this reason, most banks reportedly are not yet processing the loan applications they’ve received because they don’t want to make a loan only to discover later the SBA won’t back it.

TAB will continue to apprise members of new developments in the process, but the April 9 webinar is a “must-see” for those planning to tap the SBA resources.

More Help from Broadcasters Foundation, Media Staffing Networks

Broadcasters laid off because of the pandemic can take advantage of Media Staffing Networks’ free webinars this week, April 8 and 9, for job seekers wanting to hone their interview skills and build their brands. Seating is limited.

Meanwhile, the Broadcasters Foundation of America which routinely awards grants to broadcasters affected by natural disasters or health crises has established a new grant program for broadcasters who are infected with COVID-19 or have been laid off because of the pandemic.

“Never in our history as broadcasters have we experienced an event that has caused this much hardship,” stated Dan Mason, Chairman of the Broadcasters Foundation of America. “Thus, we have revised provisions to our emergency grant eligibility guidelines.”

Questions? Contact TAB’s Oscar Rodriguez or call (512) 322-9944.

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