Brentwood Chamber of Commerce

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TO BECOME A ROUND SPONSOR!

Congratulations to our 2020 Award Winners:

Non-Profit Organization of the Year:
College Bound

Business of the Year:
SSM Healthcare-St. Mary's Hospital

Most Improved Property:
STL Eco Eyecare

Volunteer of the Year:
Brentwood Fire Department

Citizen of the Year:
Mayor David Dimmitt

Business Professional of the Year:
Dr. Brian Lane, Superintendent
Brentwood School District

For the upcoming new round for Paycheck Protection Program (PPP) loan applications please support one of our chamber partners listed below! All are wonderful options! (in alpha order)

Bank of Springfield
Kris Weidenbenner, SVP Commerical Lending
(314) 888-6902
kweidenbenner@bankwithbos.com

Enterprise Bank & Trust
Dan Iadevito, Vice President, Business Banking
(314) 313-0842
diadevito@enterprisebank.com

First Community Credit Union
Caleb A Freeman, Branch Manager - Galleria
(636) 537-4400 ext. 2231
cfreeman@firstcommunity.com

West Community Credit Union
Dana Carlisle, Executive Assistant
(636) 720-2403
DCarlisle@westcommunitycu.org

January 8, 2021

The U.S. Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders “shortly thereafter,” according to the SBA. The second loans will only be available to businesses that can show a 25% quarterly revenue loss last year compared to 2019.
New guidance for the program was also released. Key updates include:

PPP borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks to best meet their business needs.
PPP loans will cover additional expenses, including operations expenditures, property damage costs, supplier costs, and worker protection expenditures.
The Program’s eligibility is expanded to include 501(c)(6)s, housing cooperatives, direct marketing organizations, among other types of organizations.
The PPP provides greater flexibility for seasonal employees.
Certain existing PPP borrowers can request to modify their First Draw PPP Loan amount; and
Certain existing PPP borrowers are now eligible to apply for a Second Draw PPP Loan.

A borrower is generally eligible for a Second Draw PPP Loan if the borrower:

Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses.
Has no more than 300 employees; and
Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.

The new guidance includes:

PPP Guidance from SBA Administrator Carranza on Accessing Capital for Minority, Underserved, Veteran, and Women-owned Business Concerns;

Interim Final Rule on Paycheck Protection Program as Amended by Economic Aid Act; and

Interim Final Rule on Second Draw PPP Loans.

Click here for complete list of local restaurants to support!

GOVERNOR PARSON ANNOUNCES $50 MILLION IN NEW GRANT PROGRAMS FOR MISSOURI BUSINESSES
https://governor.mo.gov/press-releases/archive/governor-parson-announces-50-million-new-grant-programs-missouri-businesses

Dear Brentwood Chamber Members,

Thank you for your support of the Brentwood business community. You are a valuable part of this community, and the Brentwood Chamber of Commerce is committed to helping you navigate the impact of the COVID-19 pandemic and any other business need you may have.

Our main focus at this time is to ensure you have access to the resources needed to successfully manage your company’s response to the virus.

Here are some links to recommendations and guidelines from the CDC, U.S. Chamber of Commerce, OSHA and local government are available here:
https://www.cdc.gov/coronavirus/2019-ncov/community/organizations/businesses-employers.html
https://www.uschamberfoundation.org/reports/coronavirus-response-resources
https://www.osha.gov/SLTC/covid-19/
https://health.mo.gov/living/healthcondiseases/communicable/novel-coronavirus/

If you are in need of federal disaster assistance as a result of the COVID-19 pandemic, you can find requirements and an application online at the following links:
SBA.gov.
http://disasterloan.sba.gov/ela

Lastly, here's a link to find curbside restaurants in St. Louis: https://www.curbsidestl.com/support
We hope that you and your family remain safe and healthy during these uncertain times.