Greater Louisville Inc. The Metro Chamber of Commerce 2019 Chamber of the Year
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March 2020

GLI’s Guide to Federal Loan Programs for Small Businesses during COVID-19

There are currently two major federal loan programs for small businesses seeking aid during the COVID-19 crisis offered by the U.S. Small Business Administration (SBA). One is the Economic Injury Disaster Loan Program or EIDL. This program was recently expanded by the CARES Act, the major COVID-19 relief bill passed…

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New Small Business Loan Program Brings $900,000 to Local Businesses, Let’s Raise More

BREAKING NEWS Dear Friends, I am excited to inform you that Mayor Greg Fischer announced today the creation of the Small Business Community Loan Program. The loan program was developed in partnership with Louisville Metro Government, Greater Louisville Inc., LHOME, Render Capital, and Lenderfit. This loan program is a $900,000 fund that will provide zero-interest loans to…

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SMALL BUSINESS CONTINUITY LOAN PROGRAM

SMALL BUSINESS CONTINUITY LOAN PROGRAM administered by LHOME in partnership with Render Capital, Louisville Forward, and GLI AVAILABLE AS OF APRIL 3, 2020 Eligible borrower: Small Businesses with 10 or fewer employees. Business must show emergency connected with COVID-19 economic crisis. Business must be located in Jefferson County, KY. Business…

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Kentucky restricts travel across state lines

New travel restrictions will be in place for Kentuckians under an executive order announced by Governor Andy Beshear yesterday afternoon. The order instructs Kentucky residents not to travel across state lines except for the following reasons: When required by employment To obtain groceries, medicine, and other necessary supplies To seek…

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Social Distance Guidelines Extended, GLI Hosts Events to Help You Manage Crisis

Dear Friends, I hope the weekend brought everyone some much needed respite from the onslaught of information related to COVID-19. Although we are in an unusual time, we have already seen our community band together to help one another in this crisis. Over the weekend, President Trump extended social distancing guidelines at…

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Kentucky receives federal disaster declaration

Over the weekend, President Donald Trump approved Kentucky’s request for a federal disaster declaration. According to a statement from the White House, this declaration will make federal funding available to the Commonwealth and eligible local governments and certain private nonprofit organizations for emergency protective measures, including direct Federal assistance.

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Guest Post: Tax Provisions of the CARES Act – What You Need to Know

Late in the evening on Wednesday, March 25, 2020, the United States Senate unanimously passed H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act or the “CARES Act”. The CARES Act was approved by a vote in the House and signed by President Trump on Friday, March 27, 2020….

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KYGA20: Final Days of the 2020 Session

Three legislative days remain in the 2020 Session based on the updated calendar approved in response to the COVID-19 pandemic. The current calendar has the General Assembly returning on Wednesday, April 1st when we anticipate a full day of legislative activity. Passing key bills, such as the biennial budget and…

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GLI’s Guide to the Economic Injury Disaster Loan Program

The Economic Injury Disaster Loan Program, or EIDL, is a major federal loan program designed to support small businesses coping with major crises and disasters. It is administered by the U.S. Small Business Administration (SBA) and was recently modified by the CARES Act, the major COVID-19 relief bill passed by…

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GLI’s Guide to New Small Business Loans under the CARES Act

The CARES Act, the COVID-19 relief bill recently signed into law by President Trump, provides $350 billion of federally guaranteed loans to small businesses. The new program, known as the Paycheck Protection Program, was designed to help small businesses keep their employees on payroll throughout this crisis. The Paycheck Protection…

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