City of Sarasota Small Business Grant Program Opens for Applications May 19
Applications for the City of Sarasota Small Business and Safety Assistance Grant Program will be accepted starting at 9 a.m. Tuesday, May 19, as the City addresses the COVID-19 economic recovery phase. Eligible small businesses in the Sarasota city limits will be awarded up to $5,000 on a first-come, first-served basis with a maximum $2.28 million in economic development funds to be dispersed.
WASHINGTON-May 15, 2020, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application.
The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities.