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From YouTube: Small Business Grants & Loans Town Hall - May 6, 2020
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B
A
A
C
Good
morning
my
name
is
Renee
Johnson
and
I'm.
The
district
4
council
representative
I
just
want
to
reiterate
what
my
colleague
said:
small
businesses
we've
hurt
you
and
we're
hoping
to
give
you
resources
today.
This
is
a
very
informative
and
practical
session.
The
city
is
working
diligently
to
help
you
sustain
so
I'm
looking
forward
today
to
today
and
if
you
have
any
questions,
feel
free
to
ask
via
social
media
or
reach
out
to
us
afterwards.
Thank
you,
mr.
Newton.
Yes,.
B
Ma'am,
thank
you.
Everyone
I,
want
to
echo
the
sentiments
of
my
colleagues
we're
here
today
to
to
provide
a
forum
for
the
resources
that
are
available
to
the
small
businesses
in
our
community.
At
the
same
time,
I
think
it's
important
to
note
that
there
are
many
businesses
that
have
explored
and
exhausted
a
number
options
and
we're
not
going
to
to
be
able,
through
this
forum,
to
address
all
of
the
need
moving
forward.
We
are
in
the
budget
process.
The
City
Council
is
one
of
the
items
we've
been
talking
about.
B
But
one
thing
that
I
think
a
lot
of
folks
might
not
realize
is
that
we've
also
received
a
sizable
amount
of
money
from
the
federal
government
that
has
been
appropriated
for
coronavirus
relief,
154
point
five
million
now
that
was
just
presented
to
the
City
Council
on
Monday
night
I
mean
we'll
be
talking
about
how
that
will
be
appropriated
moving
forward,
but
we
do
have
a
public
forum
coming
up
on
this.
Coming
Monday
night,
so
if
you
want
to
to
speak
on
on
that
matter,
have
your
voice
heard
as
a
small
business
owner?
B
But
you
can
google
that
I
don't
have
the
actual
address
on
him,
so
it's
actually
Charlotte
NC
gov
backslash
city
clerk,
batch
backslash
pages
back
backslash
speak
you're,
going
to
want
to
sign
up
before
Monday
to
do
that.
We're
here
to
hear
your
voice
and
that's
one
more
way
that
you
can
have
your
voice
heard
so
I'm,
really
looking
forward
to
today's
forum
and
without
further
ado
back
to
you
councilmember
as
mirror.
A
House
member
Newton,
perfect
timing
in
terms
of
our
budget
and
the
resources
we
have
received
from
care
Zack
to
support
our
small
businesses
and
other
needs
in
the
community.
So
we
will
start
the
panel,
the
first
speaker,
Thomas
T,
the
third.
He
is
the
SBA
director
for
North
Carolina
and
he
will
be
going
over
SVA
resources
that
are
available.
D
A
E
E
My
thought
was
just
to
give
a
brief
overview
of
SBA's
response
to
the
coab
it
19
pandemic,
outlining
several
of
our
major
initiatives
provide
financial
assistance
of
small
businesses.
North
carolina
has
over
900
thousand
small
businesses
employing
1.7
million
people,
and
so,
while
this
is
certainly
an
economic
crisis,
this
is
a
crisis
impacting
our
communities
and
SBA
is
engaged
to
not
only
help
with
recovery
but
moving
forward.
E
So
just
in
general,
and
let's
take
a
look
at
the
the
three
major
initiatives
on
March,
the
18th
North
Carolina
was
declared
a
disaster
zone,
all
100
counties,
and
that
was
the
initial
trigger
to
provide
economic
relief
for
our
small
business
community.
The
three
major
initiatives
we'll
talk
more
in
detail
about
to
that
really
are
designed
to
support
and
help
our
small
businesses
recover
at
the
the
initiatives
of
the
Paycheck
protection
program.
E
Small
business
deputy
program,
kindred
disaster
loan,
just
very
briefly,
with
the
small
business
debt
relief
program
that
is
designed
to
provide
debt
relief
for
existing
SBA
loan
recipients.
So
if
we
have
small
businesses
here
in
the
Charlotte
area
that
have
existing
SBA
loans,
SBA
will
pay
those
principle
interest
payments
for
the
for
six
months.
So
that's
a
way
to
try
to
provide
needed
cash
flow
for
existing
as
and
holders
to
other
initiatives
that
have
received
a
lot
of
attention.
First
and
foremost
was
the
economic
injury
disaster
loan
that
became
effective
on
March
the
18.
E
That
is
a
loan
to
provides
up
to
two
million
dollars
of
the
30
year
period
for
small
businesses
and
nonprofits
for
not
for
small
businesses.
The
rate
is
3.75
percent
and
for
phenom
2
point
seven,
five
percent.
This
provides
small
businesses
the
opportunity
to
access
needed
operating
income
after
the
March
27
passage
of
the
cares
Act.
E
There
also
was
another
benefit
along
with
the
economic
injury
disaster
loan,
and
that
was
the
ability
for
applicants
to
request
an
emergency
grant
that
would
be
up
to
ten
thousand
dollars
and
it
would
be
based
on
the
number
of
employees,
a
small
business
or
a
non-profit
has
there
would
be
$1,000
per
employee
up
to
$10,000
that's
available
as
businesses
nonprofit
would
apply,
I'm
a
kindred
disaster
loan.
They
were
requests
raishin
for
the
emergency
advance.
That
is
a
grant.
So,
if
approved,
the
small
business
would
receive
that
as
a
grant.
E
They
do
not
have
to
repay
those
funds,
regardless
of
the
outcome
of
the
economic
injury
disaster
loan.
If
this
initiative
is
directly
accessed
through
SBA
small
businesses
applied
through
an
SBA
portal.
Currently
that
portal
is
open
to
agriculture
businesses
when
the
Appropriations
and
we'll
talk
more
about
the
second
round
of
appropriations,
we
can
depleted.
E
The
portal
was
closed
and
those
applicants
that
had
submitted
applications
are
currently
under
review
and,
as
I
mentioned
this
week
with
the
passage
of
the
new
legislation,
agriculture
concerns
are
able
to
apply
now
for
the
economic
injury
disaster
loan
and
we'll
see
results
for
that.
In
just
a
moment,
but
now
let's
talk
about
the
Paycheck
protection
program.
This
initiative
is
designed
to
provide
small
businesses
and
nonprofits
the
ability
to
maintain
and
retain
their
employees
and
also
to
have
some
amount
of
funding
for
operating
expenses
such
as
utilities,
rent
and
lease
payments
or
mortgage
interest.
E
But
if
you
utilize
those
phone
funds
during
the
first
eight
weeks
after
receiving
your
loan
at
least
75%
toward
payroll,
25
percent
could
go
toward
other
allowable
expenses,
such
as
written
utilities,
payment
that
portion
of
the
loan
would
be
forgiven,
so
the
incentive
there
is
for
small
businesses
and
nonprofits
to
utilize
those
funds
to
ensure
that
people
retain
their
jobs.
Hence
the
Paycheck
protection
program,
both
for
the
Paycheck
protection
program
and
economic
injury.
They
are
in
round
2
of
funding.
E
There
was
over
three
hundred
and
ten
billion
dollars
allocated
over
a
week
ago
for
these
two
initiatives,
and
one
thing
lessons
learned
from
the
Paycheck
protection
program
was
to
ensure
we
had
a
mechanism
to
have
access
to
all
small
businesses
and
nonprofits.
So,
within
the
new
allocation
of
funding,
there
was
a
designation
of
sixty
billion
dollars
for
smaller
asset
sized
banks
and
credit
union,
because
this
program
initially
is
implemented
through
your
lending
community
here
in
Charlotte
or
other
cities
across
the
state.
E
So
borrowers
would
go
to
their
lender
a
local
bank
or
credit
union,
but
because
of
this
sixty
billion
dollar
designation,
smaller
asset
banks,
therefore
those
that
are
working
more
closely
with
the
smaller
size,
nonprofits
and
businesses
had
a
designation
of
funding.
I
am
will
see
in
just
a
moment
how
that
is,
resulted
in
more
loans
being
issued,
smaller
amount
of
loans
and
diversifying
the
businesses
that
receive
those
funds.
The
Paycheck
protection
program
is
still
accepting
new
applications.
E
There
is
still
funds
available
and
so
we're
encouraging,
and
particularly
those
non-traditional
businesses
that
may
not
have
a
move
forward
for
it,
seek
alone,
nonprofits,
faith-based
organizations
and
your
smaller
businesses
to
still
move
forward
and
to
seek
out
your
local
lenders,
because
funding
is
still
available
for
the
Paycheck
protection
program.
Let's
briefly,
look
at
the
results
of
both
of
these
initiatives
to
get
an
idea
of
what
what
has
been
their
effect
so
far,
so
that
on
the
next
slide,
we
will
see
the
Paycheck
protection
program
results
if
we
could
go
to
the
next
slide.
E
So
initially,
as
I
mentioned,
there
was
three
hundred
forty
nine
billion
dollars
allocated
to
the
paycheck
protection
program.
Those
funds
were
expended
within
14
days
because
of
the
significant
volume
SBA
actually
did.
14
years
of
loans
in
14
days
about
74
percent
were
a
hundred
and
fifty
and
below,
and
they
went
to
various
industries
across
the
economy.
Here
in
North
Carolina,
our
business
has
received
over
eight
billion
dollars,
with
over
thirty.
E
Nine
thousand
businesses
participated
in
that
and
I'll
just
say
the
Phase
two
data-
that's
probably
already
outdated,
but
I
wanted
to
get
some
idea
of
where
we
are
now
with
the
phase
two
funding.
It
was
at
five
pm
on
yesterday
two
point:
three
million
loans
had
already
been
approved
nationally,
that's
about
a
hundred
and
eighty
1
billion
dollars,
so
we
are
seeing
a
much
more
significant
amount
of
loans.
Smaller
loan
amounts,
the
average
was
seventy
nine
thousand
dollars
and
so-
and
we
also
had
a
large
diversity
of
lenders
participating,
letting
us
know.
E
Various
businesses
were
able
to
access.
It
even
had
one
day
last
week
that
we
only
designated
a
window
with
lenders
with
assets
of
a
thousand
dollars
and
below
to
submit
applications.
So
we're
already
seeing
that
diversity
in
numbers
and
the
increase
in
numbers
loans
received
here
in
North
Carolina.
Just
to
give
you
an
idea
of
the
Paycheck
protections
current
impact,
if
you
combine
first
and
second
phase
over
12
billion
dollars
have
have
been
approved
for
North
Carolina
businesses
and
nonprofits
that's
going
to
come
to
a
tune
of
over
80,000.
E
1,100
businesses
so
far
have
received
full
economic
injury
disaster
loans,
a
little
over
221
million
dollars
and
the
advance
which
are
in
the
form
of
a
grant
a
little
over
30,000
and
with
the
value
of
over
128
million
dollars.
So
in
closing
I'd
like
to
say,
we
are
still
obviously
implementing
both
initiatives:
paycheck
protection
program
literally
receiving
new
applications
every
day,
processing
the
economic
injury
disaster
as
well.
We
encourage
individual
but
small
businesses
and
nonprofits
to
continue
to
work
with
SBA
lending
partners
and
also
our
Resource
Partners
within
the
community.
E
The
Women's
Business
Center
small
business,
Technology
Development
Center
score.
These
entities
are
assisting
SBA
and
responding
to
the
needs
of
the
small
business
community.
But
once
again,
I
would
like
to
thank
the
council
members
for
the
opportunity
to
participate
and
look
forward
to
any
questions
at
the
appropriate
time.
Thank
you
again.
A
Thank
You
mr.
state,
that
was
a
very
good
presentation
on
economic
injury,
disaster
loans
and
a
paycheck
protection
program.
We
have
a
number
of
questions.
I
was
just
looking
looking
at
the
feed
now
on
to
make
sure
we
get
to
those
questions,
so
we
are
going
to
compile
all
the
questions.
Our
staff
is
monitoring
those
questions
and
we
will
come
back
to
those
at
the
end
of
the
presentations,
so
stay
tight.
Everyone
and
we
will
be
addressing
those
questions
after
our
panel
is
done.
A
F
Can
you
hear
me?
Yes,
sir,
we
can
hear
you
oh
great
Councilwoman,
dodge
Amara
and
also
Councilwoman
Johnson
and
Councilman
Newton.
Thank
you
for
having
me
on
I'm
Dale,
Falwell
state
treasurer
of
North
Carolina.
Most
of
the
things
I'm
going
to
talk
about
today
is
information.
That's
available
to
you
at
NC.
Treasurer,
calm
and
I'll
make
my
comments
as
brief
as
I
can.
But
there's
gonna
be
a
lot
of
uplifting
optimistic
things
in
my
remarks
and
some
of
them
are
specific
to
Charlotte.
F
So
I'll
share
those
with
you
as
I
go
along
as
we
were
getting
ready
for
this
call
somebody
who
was
moderating
it
said
we
were
all
dressed
up
and
no
place
to
go,
and
that
was
a
Nicolette
Larson
album
from
1982,
so
I
don't
know
who
that
person
was.
That
said
that,
but
I
remember
1982,
so
I
just
wanted
to
say
that
brought
back
good
memories,
all
of
our
hearts
pump
blood
but
I.
F
Think,
today,
and
over
the
next
several
months,
and
maybe
even
years,
we
need
to
be
our
our
hearts-
need
to
pump
pump,
also
compassion,
and
the
purpose
of
this
is
how
this
is
going
to
impact
small
businesses
and
I'll.
Give
you
my
perspective
as
the
as
the
state
treasurer
of
North
Carolina
I'm,
going
to
give
you
some
numbers.
Most
of
them
are
in
billions
and
to
give
you
an
idea
of
where
we
are.
F
As
far
as
the
cares
Act
money
is
concerned,
with
OS
BM,
the
controller's
office
and
the
state
treasurer's
off
about
three
weeks
ago.
We
applied
for
the
cares
Act
money
we
received.
We've
now
received
all
of
that
four
billion
dollars,
as
you
know,
specifically
in
Mecklenburg
and
Charlotte
of
471
million
dollars
of
that
money
went
to
the
county
of
Mecklenburg,
I
mean
three
counties
of
which
included
Mecklenburg
in
the
City
of
Charlotte.
So
that's
very
positive
about
for
your
community.
F
So
as
far
as
the
pension
plan
is
concerned,
it's
it's
one
of
the
26
largest
pool
of
public
money
in
the
world
and
then
in
this
extreme
volatility.
The
pension
plan
is
down
three
percent
this
year.
That's
three
percent,
not
thirty!
So
we're
very
proud
of
the
servant.
Investment
styles
we've
been
implementing,
and
why
should
that
matter?
The
people
in
this
call?
You
don't
expect
this
from
a
motorcyclist,
but
to
be
quoting
a
philosopher,
but
the
philosopher,
TS
Eliot
once
said
that
hail
is
where
nothing
connects.
F
So
everything
that
we're
talking
about
on
this
call
connects
back
to
something
else
and
the
reason
that
you
should
be
interested
in
the
returns
of
the
pension
plan,
even
if
you're
not
on
it,
is
that
the
pension
plan
sends
a
bill,
the
City
of
Charlotte
County
of
Mecklenburg
every
year
and
when
the
plan
does
or
does
not
hit
its
projected
returns,
those
bills
go
up.
So
now
you
have
the
City
of
Charlotte,
the
County
of
Mecklenburg.
F
They
were
trying
to
cut
down
on
expenses,
but
because
of
the
factors
unrelated
to
them,
which
is
stock
market
declines,
the
potential
is
for
bills
to
go
up.
This
is
having
a
much
more
dramatic
effect
of
other
parts
of
the
country
than
it
is
ours,
you're
participating
in
one
of
the
most
solvent
pension
plans
in
the
United
States,
if
not
the
world.
So
we
continue
to
manage
that
and
that's
good
news
on
the
state
health
plan.
F
There's
seven
hundred
twenty
thousand
people
on
that
are
the
biggest
portion
of
those
people
are
in
Mecklenburg
County,
and
the
pension
plan
has
hundreds
of
millions
of
dollars
in
reserves,
or
for
that.
So
that's
just
a
kind
of
a
trying
to
tell
you
that
North
Carolina
from
the
treasurer's
office,
this
perspective,
I,
don't
know
of
any
state
as
large
as
we
are
that's
in
good
and
financial
condition
to
pull
ourselves
out
of
this
and
I'm.
F
Sure
representative
Clark
will
add
to
my
comments
as
long
as
we
have
the
transparency,
the
communication,
the
data
and
the
policies
associated
with
doing
this
going
forward.
I
will
I'll
close
my
comments
and
obviously
be
around
for
questions
to
tell
you
that,
as
it
relates
to
small
business,
you
know
once
a
week
I
volunteer
at
a
motorcycle
shop
where
I've
worked
in
motorcycle
shops.
Most
of
my
blue-collar
life
and
I
can
tell
you
this
small
businesses,
not
just
in
Mecklenburg
County,
but
in
Moore
County
and
any
other
County.
F
That
starts
with
an
M
or
any
other
city
that
starts
with
a
c
small
businesses
are
really
suffering
and
I
want
to
say
something
about
small
businesses,
many
small
businesses
in
the
state
they're
in
business
because
of
their
joy
of
serving
people
and
providing
income
to
their
employees.
It's
my
experience
as
a
61
year
old
at
any
time
that
a
state
or
a
country
faces
a
crisis
like
this.
It's
normally
the
lower
income
people
they
get
hurt
the
worst.
F
So
when
we
hurt
small
business,
we
not
just
hurting
small
business
or
hurting
lower
income
people
and
that's
something
that
weighs
very
heavy
on
my
heart,
I'm,
a
proponent
of
the
correct
balance
between
life
and
livelihood.
But
what
that
involves
is
that
involves
pushing
the
power
away
from
Rolly
away
from
governing
boards.
If
you
push
the
power
to
small
businesses,
small
businesses
know
how
to
deal
with
these
issues,
but
we've
got
to
give
them
the
opportunity
to
do
so
book
hauls.
F
What
we're
destroying
here
about
not
getting
these
small
businesses
reopened
is
we're
destroying
the
joy
of
achievement
and
the
upward
mobility
of
our
society
and
when
you
destroyed
the
joy
of
achievement
and
upward
mobility
in
this
society,
it's
very
very
hard
to
come
back
from
that.
So
the
state
is
in
the
strongest
possible
financial
position.
As
long
as
we
get
the
policies,
the
transparency,
the
communication
and
the
data,
all
aligned,
I'm
sure
I'll
have
something
else
to
say
as
we
go
forward.
F
But
I
also
want
to
finally
say
this:
we're
all
working
together,
but
we
may
have
be
in
different
boats.
For
example,
the
county
and
Mecklenburg
has
decided
to
go
in
one
direction,
preliminary
about
their
budget
and
their
money
from
the
cares
Act
and
the
reserves
and
the
City
of
Charlotte
may
decide
to
go
in
another
direction,
we're
all
working
together,
but
we
may
be
in
different
boats
and
there's
nothing
wrong
with
that,
and
also
one
of
applause,
specifically
the
City
of
Charlotte.
One
of
our
responsibilities
is
chair
of
the
state
local
government
Commission
30.
F
So
my
message
today
is
is
about
the
strength
and
optimism
as
far
as
the
treasurer's
office,
but
we
have
to
get
the
power
back
down
to
the
small
businesses
of
this
state.
Give
them
an
opportunity
to
demonstrate
the
very
common
sense
that
has
put
them
in
business.
To
start
with,
has
made
them
successful
to
start
with
and
I
think
that
we
can
strike
that
proper
balance
between
life
and
livelihood.
A
Thank
you,
mr.
Paul.
Well,
I'm
sure
my
colleagues
will
agree
when
I
say
that
we
stand
on
the
shoulders
of
our
predecessors,
who
came
before
us
and
made
wise
decisions
to
fund
our
pension
liabilities
and
that's
why
today
we
have
the
reserves
and
we
are.
We
are
able
to
do
all
the
programming
and
support
small
businesses
and
also
suddenly
appreciate
your
update
on
the
state
health
plan
and
state
pension
plan
and
how
we
are
in
a
very
strong,
fiscally
state.
So
we
certainly
appreciate
it.
G
We
know
that
everyone
he
was
running.
A
small
business
is
suffering
as
part
of
my
job
as
a
paralegal.
One
of
the
things
that
I
do
is
help
small
business
get
off
the
ground
and
form
their
companies
make
sure
that
their
operating
agreements
and
everything
are
in
order.
So
they
can
be
successful,
and
so
our
law
firm
works
closely
with
small
businesses,
and
we
know
and
recognize
that
things
are
not
great
for
y'all
right
now
and
so
I
have
heard.
G
G
Requirements
have
to
be
an
individual
with
greater
than
twenty
percent
ownership.
Perseids
from
the
loan
may
only
be
used
for
maintaining
or
we
starting
a
business
use
of
the
loan.
Funds
can
be
used
to
pass
dad's
already
incurred
and
businesses
are
required
to
assign
proceeds
of
future
assistant
programs
to
SBA
loans
to
the
repayment
of
the
rapid
recovery.
G
So
right
now
we
this
money,
he's
gonna
reappropriation
to
the
this
fund.
It
had
been
spent
out
before
in
the
first
round,
and
so
governor
Cooper
signed
the
bill
into
law
on
Monday
morning,
so
people
should
start
replying
for
these
loans.
You
can
do
so
at
NC,
rapid
recovery,
org
and
also
there
is
a
the
North
County
business
link
number
that
you
can
call
that
I
don't
have
written
down,
but
you
can
google
it.
G
They
can
help
you
with
anything
that
you
might
need
assistance
in
getting
small
business
learned
through
this
process
or
any
other
issues
relating
to
your
small
business.
During
this
time
of
coronavirus,
we
do
have.
We
have
3.8
billion
in
our
rainy
day
fund
for
North
Carolina
to
that
about
your
doing
of
that
as
unallocated
due
to
the
fact
that
we
we
have
to
tithe
of
funds
did
the
fact
that
we
did
not
pass
a
budget
and
this
past
year
we're
hoping
to
do
that
later
this
year
and
finalize
our
budget.
G
We
are
waiting
for
the
final
numbers
from
our
financial
analysis
Department.
We
are
expecting
an
estimated
of
four
billion
dollars
in
shortfall
and
tax
revenue
this
year.
So
before
we
can
develop
a
bud,
we
need
to
make
sure
that
we
have
the
right
numbers
that
were
working
with
and
know
where
things
go.
G
So,
as
you
are
watching
us
in
the
General
Assembly
talking
about
funding,
that's
what
we're
waiting
on
to
make
sure
that
we
can
keep
our
balanced
budget
is
required
by
the
Constitution
and
then
also
make
sure
that
we've
appropriated
the
appropriate
amount
of
funds
to
help
everybody
in
the
state
and
keep
our
state
running.
Thank
you.
A
H
Morning,
hi
there
first
of
all,
I
just
want
to
say
thank
you
to
my
friends
and
colleagues
for
inviting
me
to
be
part
of
this.
I
do
appreciate
the
opportunity,
so
I
don't
want
to
take
up
too
much
time
as
I
know,
there's
a
lot
of
questions
that
want
to
be
asked.
But
let
me
just
run
through
these
slides,
real
quick
that
we
have
from
the
county
on
our
small
business
stabilization
loans.
H
So
if
we
go
to
the
next
slide,
these
loans
were
meant
to
be
like
a
bridge
to
try
to
help
folks
if
they
are
even
applying
for
other
loans
and
trying
to
get
them
out
rapidly
was
part
of
the
objective.
So,
but
you
have
a
simplified
application
we
have.
Hopefully
we
can
get
funds
in
10
calendar
days
of
the
completed
application
submission
these
can
be
used
for
lease
or
real
estate
loans,
operating
capital,
payroll,
immediate
payables
and
utilities.
H
Yeah
up
to
50
full-time
employees
demonstrate
that
financial
obligations
and
operating
expenses
could
have
been
met
if
it
weren't
for
the
Cova
19
impact
startups
and
companies
less
than
two
years
old
are
not
eligible
for
this
program,
but
they
can
seek
funding
through
our
our
County
small
business
loan
fund
that
we
have.
So
that
is
a
separate
loan
fund.
So,
on
the
next
slide
you
can
see
the
terms
of
the
loan.
The
minimum
is
$5,000,
the
maximum
is
35,000.
The
term
is
up
to
10
years.
The
low
interest
rate
is
3%.
H
The
repayment
is
12
months
of
interest-only
payments,
so
at
first
you
can
just
do
the
interest
only
followed
by
nine
years
of
principal
plus
interest,
there's
no
penalties
for
prepayment
and,
let's
see
the
personal
guarantee
from
all
owners
with
20%
or
more
ownership
in
the
business.
The
next
slide
program
benefits
rapid
access
to
bridge
funds.
Ok,
technical
assistance
is
offered
for
loan
recipients
and
long-term
amortization
and
low
interest
rates
result
in
low
monthly
payments,
and
this
shows
you
the
little
monthly
payments
on
this
table
so
on
the
next
slide.
H
It
just
kind
of
goes
through
the
timing
of
how
this
all
rolled
out,
but
what
I
really
want
to
highlight
here
is
the
total
applications
that
we
have
received
so
far
as
of
May
4th
is
328
applications
which
totaled
8
million
three
hundred
and
seventy
eight
thousand
nine
hundred
and
seventeen,
so
we've
only
so
far
approved
ninety
nine
loans
at
two
million
one
hundred
and
seventy
two
thousand
138.
So
we
do
have
a
ways
to
go
and
I
just
also
want
to.
Let
folks
know
that
this
process
is
still
open.
H
You
can
still
apply
for
these
loans,
and
you
know
when
we
do
run
out
of
money.
We
are
going
to
probably
come
back
and
ask
for
four
more
so
I.
Don't
I
want
to
know
how
much
need
there
really
is
out
there
and
so
I
think
it's
it's
really
important
that
we
keep
taking
these
loans
via
the
applications
so
that
we
can
know
how
much
how
great
the
need
is
and
we'll
see
how
how
far
short
we
fall
and
how
much
more
we
may
need
to
put
into
this
fund.
H
A
You
Thank
You,
commissioner,
appreciate
your
presentation
on
the
resources
that
are
available
from
the
counties,
the
small
business
owners.
The
application
is
open
if
you've
not
applied
and
if
you
qualify
go
ahead
and
apply
next,
we
have
our
city
staff
holy
Ollie
Eskridge.
She
works
with
our
economic
development
team.
Holly.
Are
you
there.
I
Thank
you
so
much
for
having
me
I
want.
Do
you
think
councilmembers
Mira,
councilmember,
Newton
and
council
member
Johnson
for
setting
this
up.
My
team
and
I
had
economic
development
actually
specifically
work
with
our
small
businesses
and
our
entrepreneurs.
That's
our
line
of
work.
That's
our
focus
as
though
we
are
here
for
you
all
and
I've
had
a
lot
of
connections
with
our
small
businesses
and
I
think
a
really
admire
city
leadership,
because
there's
a
constant
focus
on
how
to
best
serve
you
all.
I
So
I
want
to
begin
by
just
kind
of
going
over
some
things
that
we
have
the
City
of
Charlotte.
That
I
also
want
to
highlight
a
couple
of
local
programs
as
well
from
partnerships
that
we
have.
The
city
government
has.
The
first
is
the
City
of
Charlotte
created,
and
if
you,
google,
City
of
Charlotte
small
business
resources,
the
page
will
come
up
again
that
City
of
Charlotte
small
business
resources,
that's
a
for
a
comprehensive
webpage.
I
What
we've
done
is
we
put
things
that
are
relevant
updates
when
it
comes
to
federal
programs,
state
programs,
local
programs,
things
that
nonprofits
are
eligible
and
then
some
private
programs,
like
the
Verizon
grant,
which
I
know
things
about
closed
out.
There
may
be
a
phase
three,
that's
just
a
place
for
you
to
constantly
check,
and
then
that
also
has
some
additional
things
that
that
our
city
is
doing
so
I'm
going
to
go
over
those
as
well.
I
The
first
thing
is:
we
have
an
open
for
business
campaign
that
we've
launched.
We
really
want
people.
One
thing
that
we
heard
from
our
small
businesses
is
that
they
really
truly
want
to
be
able
to
tell
people
that
they're
open
now
they're
doing
it
within
the
stay
at
home
guidelines,
but
they
want
people
to
know
that
that
that
they
are
present
that
they're
in
this
community
and
then,
as
things,
reopen
I,
think
this
campaign
will
be
even
more
critical.
I
So
if
you
go
to
you,
can
google
city
of
charlotte
open
for
business,
or
it's
actually
on
that
web
page?
That
I
told
you
about
you
can
go
in
there's
two
main
at
this
point
aspects.
We
really
plan
to
build
it
out
larger,
but
the
first
is
we
have
a
dashboard,
so
you
can
actually
go
in
and
register
your
business
and
it'll
show
up
on
a
public-facing
dashboard.
That
really
just
gives
some
basic
information
about
your
business,
your
hours
of
operation,
those
kind
of
details.
I
I
So
I'll
give
you
the
two
topics
that
we've
done
to
date
a
week
ago,
yesterday,
I
guess
a
week
ago
anyway,
the
first
session-
sorry
about
that,
was
looking
at
what
the
SBI
talked
about
those
programs
looking
at
what
I'm
getting
ready
to
talk
about,
which
is
the
city
of
charlotte,
my
first
Small
Business,
Relief
Fund,
and
then
also
we
had
Natalie
Williams
on
there
from
the
Women's
Business
Center.
Who
is
absolutely
incredible,
really
just
giving
tips
about
when
you
what
what
are
the
funding
sources
when
you
apply?
I
What
should
you
look
out
for
and
just
basic
information
for
your
business
model
and
I'll
say
that
one
actually
have
had
3,000
over
3,000
views
on
it?
You
can
go
back
on
the
site,
they're
recorded.
We
put
out
there
for
people
to
view
at
a
later
date,
but
feel
free
to
log
on
check
those
out,
and
then
we
did
one
yesterday.
A
really
great
panel
on
digital
marketing
I
think
is
incredibly
valuable.
So
we're
going
to
continue
to
push
those
out
next
week.
I
We
plan
to
do
something
on
this
reopening
of
our
community
and
so
definitely
join
us
at
1:00
p.m.
you
can
go
to
the
city
on
Tuesdays.
You
can
go
to
the
city's
YouTube
channel
Facebook
or
the
gum
channel.
The
next
thing
that
I
want
to
talk
about
is
the
City
of
Charlotte
small
business
relief
fund,
so
City
Council
put
1
million
dollars
into
a
fund
and
to
give
out
grants
that
are
up
to
ten
thousand
dollars.
These
are
grants
they're,
not
loans
to
businesses
that
qualify.
I
We
have
a
certain
specific
opportunity,
corridor,
geography
that
we
tend
to
put
a
lot
of
resources
in,
and
so
that
actually
is
also
on
our
website.
It's
really
easy.
You
can
click
on
the
opportunity
corridor
link
a
map
will
pop
up
and
on
the
upper
right
hand,
side
of
the
screen.
We'll
have
an
address
box.
You
can
just
type
your
address
in
push
search
and
it
will
actually
show
you
whether
you're
in
that
geography
or
not
I,
would
say
to
date.
I've
got
a
risk
Charlotte
how
you
would
find
information.
I
The
next
thing
we
want
to
mention
is:
we
actually
have
an
amazing
partnership
with
over
20
service
providers
that
are
either
nonprofit
government
or
academic.
All
this
can
be
found
on
a
website
called
Charlotte
business
resources,
comm,
that's
Charlotte,
business
resources,
comm
and
I
would
say
that
site
has
relevant
information
for
what
you
are
experiencing
now.
It
actually
told
you
who
the
partners
are,
what
they're
offering
and
then
there's
just
general
sort
of
helpful
tips
and
information
about
business,
pivots
or
marketing,
and
the
like
that.
I
We
also
have
a
podcast
series
on
there,
which
we're
really
excited
about,
and
then
we've
got
we'll
be
pushing
out
the
really
good
video
content
on
that
as
well,
and
so
I
wanted
to
highlight
what
a
few
of
our
partners
are
doing
on
that
site.
They're
all
doing
amazing
things,
the
SBA
obviously
is
doing
some
really
great
stuff,
but
CPCC
has
a
new
program.
It's
called
a
small
business
rebound
program
check
it
out
it's
through
their
small
business
center
again
that
CPCC
small
business
center
small
business
rebound
program.
I
It's
an
eight-week
program
that
really
helps
you
figure
out
how
you
need
to
revamp
the
business
model,
change
your
marketing
look
at
cash
flow,
cash
management
plans,
etc.
The
next
one
that
I
would
like
to
mention
is
I
talked
about
women's
business
center
of
Charlotte.
If
you
go
on
their
site,
they've
got
amazing
information
and
they
do
different
webinars
in
different
areas
of
focus.
I
So
any
of
those
I
try
to
attend
them
when
I
can,
because
every
time
I
hear
Natalie
and
her
team
speak
I've
learned
something
new
that
I'm
able
to
pass
on
to
you
guys
so
definitely
check
those
out
and
then
the
last
one
is
ready
CLT.
This
is
actually
an
initiative
that
is
our
affinity
chambers,
so
that
would
be
the
LGBTQ
chamber,
the
black
chamber,
the
Asian
chamber
and
I
apologize
I.
I
Think
I'm
missing
a
fourth
one
to
you
all,
but
they're
amazing
group
of
people
that
have
come
together,
they're
actually
working
with
our
merchant
associations
and
then
a
small
business
coalition,
and
what
they're
doing
is
they're
really
trying
to
push
out?
How
do
they
get
small
businesses
ready
to
start
operating
so
that
they
are?
They
understand
what
the
requirements
are
by
your
industry,
specific
bi-phase,
specific
from
the
governor's
roll
out,
but
then
also
looking
at
what
you
can
do
to
actually
restore
customer
confidence.
I
So
I
wanted
to
highlight
those
three
and
the
very
last
thing
and
council
member
is
Mira.
I
will
defer
you
to
talk
more
about
this,
but
there
is
a
small
business
community
for
small
business
recovery,
worst
customer
as
mirrors
on
that
I
would
say
that
also
on
that
small
business
resource
page
there's
some
really
good
information
that
happens
there
and
I
will
say
that.
There's
a
great
presentation
from
a
couple
weeks
ago
from
the
Wells
Fargo's
economist,
that
I
think
mark
that
nerds-
that
is
absolutely
fantastic,
so
I
will
kill
your
thunder
there.
A
So
much
Holly
and
appreciate
you
supporting
our
small
business
task
force.
Certainly,
we
had
a
great
presentation
from
economists
on
market
recovery.
So
if
anyone
who
is
interested
in
what
the
data
looks
like
certainly
watch
our
small
business
task
for
task
force
presentation
from
a
couple
of
weeks
ago,
Holly
covered
a
lot
of
information
from
open
for
business,
our
rep
page
to
mentorship
that
is
available
to
our
micro
grant
of
$10,000.
Again,
it's
a
grant.
It's
not
alone
and
CPCC
and
other
resources
that
are
available.
I
know,
that's
a
lot
of
information.
A
B
Thank
You
councilmember
Ashe
Mira,
so
we
are
doing
really
great
on
time.
I
want
to
remind
everyone
that
you
can
jump
on
the
City
of
Charlotte
Facebook
page
and
in
defeat
underneath
the
the
video
today
you
can
ask
a
question
and
you
can
also
so
my
own
Facebook
page
mattnewton
for
five
as
well
as
Matt
Newton,
has
a
feed
to
to
this
meeting
where
you
can
ask
questions
as
well
as
councilmember
ash
Mira's
Facebook
page.
So
please
jump
on
there
right
now.
B
Please
make
sure
to
that
you're
asking
serious
questions
so
questions
that
specifically
pertain
to
small
business
relief
here
in
the
City
of
Charlotte,
maybe
even
the
greater
regions
of
Mecklenburg
County,
one
of
the
first
questions
and
I
think
I'm
going
to
throw
this
one
over
to
you.
Holly
we've
got
a
lot
of
questions
about
the
the
micro
grant
program,
our
corridors
where
those
corridors
exist.
Now
it's
my
understanding
that
the
corridors
are
larger,
so
they're
really
the
areas
surrounding
the
corridors.
B
I
Listening,
my
apology
is
that
I
totally
had
that
blank
in
my
brain
okay,
so
there
are
parts
of
Noda
that
are
eligible.
We've
had
a
couple
of
businesses,
actually
contact
us
that
are
in
the
Noda
area,
so
definitely
go
on.
I
would
go
to
the
Liske
Charlotte
site,
just
google
list
Charlotte
and
then
you
scroll
down
it'll
have
the
City
of
Charlotte
micro
business.
We're
be
funfun,
click
on
that
and
where
it
says,
operty
opportunity,
corridor
click
on
that
upper
right
hand
corner
it's
very
type
in
your
address.
I
The
list,
Charlotte
team
is
also
amazing
and
helping
out
with
that
and
I
team
and
I
are
happy
to
do
those
searches
as
well
and
so
I
would
say
the
best
way
for
me
to
describe
it's.
Not
probably
the
exact
or
the
best
way
for
me
to
describe.
Anybody
is
familiar
with
the
crescents
and
tie
that
we
talked
about
sometimes
in
Charlotte.
I
would
say
that
first
out,
Charlotte
is
not
it's
a
balanced
type,
that's
typically
not
in
the
opportunity
corridor,
but
pretty
much
everything
else
in
the
geography
above.
I
B
Thank
you
for
that
that
answer
I
wanted
to
also
just
touch
on
so
you
mentioned
earlier
Holly.
The
the
list
website
where
so
list
is,
is
helping
us
with
our
the
the
appropriation
in
City
Council,
made
a
few
weeks
ago
for
our
micro
grant
or
micro
business
forgivable
loan
program.
And
if
you
go
to
the
list
website
that
I
think
you
would
talked
about
earlier
Holly,
then
you
can
jump
on
there
and
and
there's
a
link
there
that
that
will
take
you
to
a
map
that
shows
the
greater
region
surrounding
those
opportunity
corridors.
B
I
Sure
I'm
happy
to
answer
those
and
I
really
appreciate
somebody.
Whoever
diving
in
deeper
I
think
it's
fantastic,
so
I
would
say
that
right
now,
we're
actually
in
just
receiving
applications.
The
application
takes
about
20
minutes
on
average
to
fill
out
I've
been
working,
a
lot
with
West
Charlotte
staff
and
they
they're
tracking
that
kind
of
information.
We
have
not
actually
started
processing
any
of
those
applications.
I
We
did
that
with
intentionality
because
we
wanted
to
give
people
an
opportunity
to
apply.
My
I
am
have
a
call
with
West
Charlotte's
later
on
this
week
and
I
believe
that
processing
will
start
after
that.
Our
goal
is
to
turn
this
around
very
quickly
and
what
I
will
say
is
that
the
application
is
just
the
first
step.
Let's
Charlotte,
their
team
will
actually
be
reaching
out
to
the
applicant
to
get
additional
information
so
that
information
is
actually
on
that
website.
I
The
types
of
things
you
need
to
be
prepared
for,
but
like
the
county,
we're
actually
requiring
at
two
years
of
tax
returns
as
well
and
there's
some
other
kind
of
income,
verification,
documentation
that
is
being
required,
and
so
we
expected
to
really
I
think
we're
talking
about
this
program.
Rolling
it
out
in
completion
would
be
three
weeks
at
the
absolute
max.
H
Yes,
thank
you.
I've
just
been
texting
our
piler
to
ask
him
about
our
goal
for
the
10:00
news
and
I.
Don't
have
an
answer
on
that
yet,
but
I
did
want
to
just
touch
on
briefly.
Holly
talked
about
the
zones
and
she
talked
about
how
the
southern
part
of
the
county
is
not
included
in
in
y'all's
program.
I
just
wanted
to
make
sure
people
know
that
the
county
also
has
the
micro
stabilization
loans
for
the
micro
businesses
and,
and
so
we've
had.
Let's
see,
we've
we've
had
50
applications.
H
So
far,
let's
see,
we've
received
50
eligible
applications
and
36
have
completed
the
review
process.
20
were
approved
and
16
denied
so
and
we
do
have
more
room
for
four
more
applications,
and
so
that's
for
all
of
the
towns,
Mint,
Hill
and
Charlotte.
So
if
you
are,
and
also
the
ETJ
areas,
so
I
just
want
to
make
sure
that
folks
know
about
that.
I.
B
We
do
know
that
we
have
roughly
6,500
micro
businesses
within
the
city,
though,
and
so
there
is
a
much
greater
need.
We
do
have
this
amount
of
money
that
we
receive
directly,
because
so
an
amount
of
money
through
the
cares
Act
and
we
received
directly
because
we
are
city
and
larger
than
are
a
city
consisting
of
more
than
500,000
people.
B
So
a
large
large
and
500,000
people
we're
going
to
be
looking
at
that
more
thoroughly
as
a
council
to
see
where
we
can
increase
the
the
relief
that
is
available
to
small
businesses,
one
to
five
and
then
five,
even
to
15
I
much
as
employees
are
concerned
here
in
the
future,
now
wanted
to
throw
a
question
over
to
to
mr.
Stift
and
I
really
appreciate
your
your
presentation
earlier
do
PPP
loans
and
where
someone
I,
don't
know.
If
you
mentioned
this,
I
if
you
have
please
please
take
the
time
to
repeat
it.
B
But
where
can
someone
go
to
find
out
more
information
about
the
requirements
for
ppppp
loan
forgiveness
and
I?
Think
the
question
was
really
more
specifically
asking
about
the
cry
tyria
for
applying
where
folks
can
get
their
their
bank
statements
and
other
information
lined
up
preliminarily
before
the
application
is
made.
E
Thank
you
for
that
councilmember
they
would
literally,
they
would
make
that
request
through
their
lending
institution.
The
lender
will
be
their
point
of
contact
once
that
eight
week
period
has
passed
for
the
the
the
borrower
to
then
request
that
forgiveness
cause
within
the
PPP,
so
they
would
work
directly
with
their
lender
to
ask
or
for
that,
for
that
forgiveness
they
can
find.
You
know
on
the
SBA
website,
or
even
the
Treasury
website,
additional
information
as
far
as
documentation,
but
with
the
lender.
B
Thank
you.
I
I
want
to
throw
it
back
to
you.
Councilwoman
ash,
Mira
I'm,
looking
at
the
feed
here
on
Facebook
and
I'm,
not
seeing
any
additional
questions
please.
So
we
still
have
time
here,
please
if
you
have,
if
you're
watching.
If
you
have
a
question,
please
let
us
know
donata
Jackson,
who
is
helping
in
a
support
role.
I,
do
we
have
certain
honor?
Do
we
have
any
additional
questions
that
I
might
have
missed.
J
E
This
is
psalmist
if
I
could
respond
on
the
PPP
and
an
idle
for
the
idle
there.
One
of
the
items
that
would
be
reviewed
would
be
a
small
business
or
non
profits.
Credit
history
that,
while
there
isn't
a
bright
line,
if
you
have
to
have
a
specific
credit
score
that
is
reviewed
on
the
Paycheck
protection
program,
they
really
have
a
streamlined
review
process
that
didn't
require
collateral
or
a
guarantor,
but
on
the
economic
injury
disaster
loan
side
as
a
part
of
the
process,
they
will
look
at
credit
issue.
G
J
E
H
Yes,
the
nonprofit's
are
not
eligible
for
that
program,
so
so
I
do
have
an
answer
on
that,
but
I
also
want
to
let
you
guys
know
I
said
I
would
find
out
about
the
application
process,
but
we
are
hitting
that
10
day
the
10
day
application
and
getting
the
funds
out
so
I
want
to
let
you
know,
we've
got
an
answer
on
that.
So
thank
you
for
that
question.
A
Tonight
I
do
want
to
address
funding
for
nonprofits,
so
United
Way
has
set
up
in
response
on
and
they
had
raised.
15
million
plus
in
their
fund
and
nonprofits
can
apply
for
that.
There
was
already
a
first
phase
of
applications
and
they
awarded
grants
to
many
organizations,
and
now
we
have
second
phase.
A
So
if
you
want
to
apply
for
Kovac
19
response
fund
for
nonprofits,
please
send
any
one
of
us
an
email
and
we
will
go
ahead
and
send
you
an
application
or
a
link,
or
in
just
Google
koubek
19
response
fund
by
United
Way
and
they're
working
the
foundation
itching
for
the
carolinas
to
raise
money
for
nonprofits.
So
you
can
apply
for
those
resources.
A
Council
member
Newton
either
let
Holly
address
that,
since
none
of
our
audience
can
dial
into
this
meeting,
they
can
only
ask
questions
on
Facebook.
So
Holly,
could
you
address
the
private
organizations
who
are
awarding
grants
and
loans
such
as
Whitcomb,
Facebook,
Verizon
and
so
many
other
organizations
that
are
also
stepping
up.
I
Sure
I'm
happy
to
do
that.
So
our
team
is,
you
know,
watching
the
private
funding.
I
would
say
something
like
Verizon,
especially
being
run
or
through
lists
again
so
they're
using
a
lending
institution
to
do
that.
But
that
is
something
that
we're
seeing
popping
up
more
and
more,
and
so
what
we're
doing
is
because
it
is
private
and
typically
I
will
be
honest
from
a
government
standpoint.
We've
really
focused
on
those
that
are
government
funding
sources
or
nonprofit
funding
sources.
I
B
In
Councilwoman
as
Mary,
you
would
mention
the
United
Way
Foundation
for
the
carolinas
relief
fines.
That
is
probably
certainly
of
some
some
public
dollars,
but
an
awful
lot
of
private
dollars
that
are
available
to
the
community
had
a
question
regarding
our
minority
and
women
small
business
to
reach
small
businesses
that
cannot
access
traditional
funding,
but
are
viable
businesses
that
employ
people
in
Charlotte's
most
under
50
employees.
I
will
throw
this
one
able
to
you
to
Holly
and
then
any
other
panelist
who
won't
you
like
to
comment
on
this,
but
before
I.
B
Do
I
do
want
to
mention
that
that
that
our
small
business
relief,
including
the
micro
business
funds,
is
specifically
targeted
for
our
more
marginalized
small
businesses
minority
in
small
business.
Now,
having
said
that,
we're
going
to
be
building
upon
that
we
do
have
additional
dollars
that
we
recently
received
from
the
federal
government
through
the
cares
Act
directly
to
the
city
and
I.
Think
that
we're
going
to
be
looking
at
that
very
very
carefully
and
much
more
thoroughly
to
provide
even
more
relief
for
small
businesses
across
the
board,
including
minority
and
women's
small
business
Holly.
I
Sure
I
think
actually
really
covered
a
lot
honestly
of
what
I
was
going
to
say
there,
so
that
that's
fantastic
I
echo
all
the
things
and
our
minority
and
women.
Small
businesses
are
from
the
leadership
to
within
I
would
say.
Even
our
organization
of
the
city
are
a
top
priority,
and
so
we
are
continuing
to
figure
out.
I
mean
I,
know
we're
talking
about
the
funding
side
of
things.
We've
tried
to
be
as
flexible
as
possible
with
the
Small
Business
Relief
Fund,
so
that
it
is
accessible
to
small
businesses.
I
I
know
there
are
some
regulations
that
money
with
the
federal
money
that
was
used
that
we
can't
necessarily
get
around.
So
what
you
see
there
is
honestly
what
we
have
to
put
forth,
but
we
are
really
trying
to
be
as
flexible
as
possible.
That's
actually
why
we
created
a
grant
program
instead
of
a
loan
program,
so
there's
no
collateral
or
anything
like
that
needed.
We
also
have
really
looking
internally.
We
have
a
program,
that's
called
amp
up
Charlotte.
I
Now
this
is
not
something
that
is
coded
specific,
but
I
do
want
to
talk
about
it,
so
Antelope
Charlotte
is
actually
for
minorities,
small
businesses
they're
in
a
growth
trajectory,
and
so
obviously,
we've
done
a
few
moving
on
to
cohorts
of
those
companies.
We're
actually
working
with
our
graduates
now
to
really
give
them
intensive
programming
that
can
help
them
stabilize
their
businesses
and
then
continue
to
grow,
but
we're
really
looking
at
the
next
cohort.
I
These
have
to
be
in
person
classes
just
based
on
the
curriculum
that
we
use
the
advice
you
can
give
them
from
the
experts
that
designed
it
so
it'll
be
later
in
the
year
later
in
the
summer.
Obviously
we're
together,
but
we're
really
looking
at
trying
to
figure.
How
do
we
really
use
that
model
to
show
really
intensive
support
to
our
minority
small
businesses,
but
then
actually
can
we
expand
it
out
so
that
it
is
for
women-owned
businesses
as
well,
but
it
is
a
top
priority
from
the
top
to
like,
throughout
the
entire
organization.
B
So
we
have
one
more
question
and
please
keep
the
questions
coming,
because
we
do
have
time
to
answer
more.
One
question
was
pertaining
to
changing
or
increasing
the
$10,000
limit
for
forgivable
loans
in
grants.
Now,
I
think
that
Commissioner
Rodriguez
Macau
cannot
compulsively
comment
on
that.
We
definitely-
and
maybe
you
can
comment
on
that
too
Holly
I
don't
know
where
city
staff
will
land
on
an
increase
in
that
amount.
We
know
that
the
need
is
so
extensive
throughout
the
community
for
for
poor
relief.
B
I
Okay,
great
I'm,
happy
to
comment
on
that
so
based
on
the
funding,
this
initial
funding
that
was
available
for
the
grant
program,
you
know
we
wanted
to
keep
it.
We
could
cap
it
at
up
to
$10,000
and
it
is
a
grant,
so
it
doesn't
have
any
when
you
do
a
forgivable
loan,
they're
still
criteria
that
you
have
to
meet
that
you
don't
have
to
meet
with
a
grant,
and
so
what
I
would
say
is
that
as
we
look
moving
forward?
I
H
H
That
I
just
mean
you
know,
depending
on
how
much
interest
there
is
how
many
applications
that
are,
you
know
valid
that
we
aren't
able
to
to
fund
with
the
first
five
million
dollars
that
we
allocated
you
know,
maybe
there
be
room
for
coming
back
and
asking
for
more
and
I
know
that
as
a
result
of
our
meeting
last
night,
one
of
the
questions
was:
is
this
going
to
be
part
of
the
money
that
comes
through
the
federal
government
that
we
get
reimbursed
for?
And
so
that's
sort
of
a
question?
That's
hanging
out
there
right
now.
H
E
Councilmember
Newton
I
have
one
point:
I
wanted
to
inject
at
the
appropriate
time
on
minority
bone.
Yes,
sir
and
I
just
want
to
re-emphasize
the
Paycheck
protection
program.
When
I
say
there
is
available
fund.
As
of
yesterday,
there
was
over
a
hundred
billion
dollars
still
available
for
loans
through
the
paycheck
protection
program.
E
For
that
amount,
and
depending
on
your
payroll
calls
you
may
be,
you
may
have
a
situation
where
the
full
loan
is
forgivable,
so
I
really
encourage
small
businesses.
Nonprofits
that
may
not
have
looked
at
the
Paycheck
protection
program.
They
feel
they're
eligible
to
talk
with
their
local
lender.
We
have
a
lender
list
on
our
website
our
district
office
website,
if
they
don't
have
an
existing
banking
relationship.
There's
a
significant
initiative
now
to
make
sure,
given
that
there
are
funds
available
and
500
billion
dollars,
is
a
lot
where
I
come
from.
E
B
C
You
janata
mr.
Stift
I
wanted
to
know
if
there
is
a
any
guidance
or
or
what
can
a
small
business
do
to
find
a
resource
on
guidance
on
using
for
accessing
that
PPP
loan,
for
example,
you
just
gave
a
very
specific
strategy
about
the
75%
being
used
for
payroll
and
25%
being
used
for
other
expenses.
Where
is
that
information?
A
small
business
such
as
the
sole
proprietor
or
a
contract
worker
does
not
have
a
relationship
with
an
established
lender.
Where
can
they
obtain
practical
guidance?
Sure.
E
A
great
question,
a
two-for-one
if
a
small
business
does
not
have
an
existing
lender
if
they
go
to
sba.gov
/nc
sba.gov
/nc,
that
is
our
district
SBA
office
is
located
here
in
charlotte,
is,
is
for
available,
obviously,
for
the
entire
state.
We
have
a
listing
of
lenders
that
are
working
with
SBA
in
North
Carolina.
We
can't
recommend
specific
lenders,
but
we
can
provide
a
broad
this
potential
options
for
a
small
business.
If
they
don't
again,
they
could
talk
with
those
lenders
for
additional
information.
E
Also
SBA
at
sba.gov
Ford,
slash,
coronavirus,
sba.gov,
Ford
/
coronavirus
is
the
main
SBA
website
that
will
give
information
on
all
our
initiative,
and
specifically
the
paycheck
protection
program,
and,
as
I
mentioned,
that
that
75%
threshold
is
is,
is
required
to
trigger
that
forgivable
clause,
so
whether
they
have
75%
or
they
could
use
up
to
a
hundred
percent
on
payroll
that
provide
forgive
them
forgiveness
for
that
amount
of
the
loan.
So
as
an
example,
if
they
had
a
fifty
thousand
dollar
bone
in
a
tweets,
they
spent
forty
five
thousand
dollars
on
payroll
their
loan.
E
C
You
for
that
information
we
do
have
a
lot
of
sole
proprietors
and
then
that
had
that
question
that
weren't
able
to
access
the
first
round
I
also
want
to
make
sure
that
everyone
has
the
website
Charlotte.
So
excuse
me,
the
email
address
Charlotte
supports
small
business
at
Charlotte,
NC
gov,
and
what
we'll
do
is
ensure
that
that's
posted
on
our
Facebook
and
our
YouTube
channel,
so
that
if
there
are
any
questions
that
are
not
answered
today,
that
you
can
email
our
small
business
department,
I'll
turn
it
over
to
de
nada.
F
F
F
But
if
you
think
about
California,
there
are
no
major
population
centers
on
the
border
of
California
that
border
another
state
think
about
ours,
Asheville
Charlotte,
Wilmington,
Rocky,
Mount,
Raleigh,
Durham,
Greensboro,
winston-salem
and
Boone.
My
point
of
holding
us
up
to
you
and
getting
you
to
think
about
borders
is
that
money
does
not
know
where
the
border
is.
Money
goes
where
it's
invited
stays
where
it's
welcome
and
all
of
these
topics
about
business
loans
and
business
grants,
and
all
these
really
important
programs.
F
Unless
we
can
get
businesses
oak
partially
people
are
gonna,
take
their
money
in
their
capital
to
go
simply
go
across
the
border
and
spend
it
so
I
called
all
the
small
businesses
that
are
hanging
on
I
am
as
I
look
out
across
the
state,
especially
in
rural
North.
Carolina
I
can
tell
you
that
we're
praying
for
all
those
to
reopen
and
to
thrive.
The
way
they
were
three
months
ago,
but
reopening
these
businesses
and
bringing
the
joy
of
achievement
back
to
these
small
business
owners
is
create
something
that
I've
always
said.
D
F
People's
emotions
are
way
down
right
now,
because
their
emotion
and
their
routines
have
all
been
upset.
What
does
every
store
for
opening
their
businesses
back
down
your
food
parcels
notes
and
I
applaud
you,
folks,
for
all
that
you
put
into
this
effort
and
I
will
tell
you,
as
the
state
treasurer
that
I
will
do
everything
I
can
to
help
Charlotte
Mecklenburg
County.
B
You,
mr.
treasurer,
we
have
one
more
question
that
that
might
be
a
good
segue
to
this
next
question
that
we
can
maybe
wrap
up
on.
So
the
question
is:
can
you
share
the
latest
update
on
the
plan
to
safely
reopen
businesses
and
measures
we,
as
citizens
can
do
to
ensure
our
part
to
keep
others
safe
and
I
will
quickly
give
a
stab
at
that?
B
A
representative
Clark,
if
that,
if
you
won't
to
you
like
to
then
jump
in
that
would
be
fantastic,
but
the
the
new
order
issued
by
our
governor
on
law
yesterday
is
opening
all
businesses,
with
the
exception
of
the
the
exception
of
personal
care
for
me,
entertainment,
oriented
businesses.
Now
that
includes
salons,
barbershops,
massage
therapists,
many
businesses
that
we
know
fall
within
the
micro
business
or
the
more
defined
five
employee,
250,
employee
segments
of
small
business,
so
the
need
will
still
certainly
exist.
B
We
know
that
there
is
still
going
to
be
a
lot
of
unpaid
bills
in
need,
regardless
of
the
circumstance,
but
from
the
standpoint
of
answering
the
question.
All
businesses,
with
the
exception
of
those
now
retail,
restaurant
and
bars,
are
also
going
to
have
certain
requirements
to
be
met
such
as
limiting
occupancy
and
making
sure
so
with
restaurants
and
bars
that
that
they
aren't
open
for
in
customer
sit-down
service,
so
much
as
takeout
and
delivery
and
in
all
instances,
the
the
new
executive
order,
which,
in
the
in
effect,
is
a
new
stay-at-home
order
up.
B
Frankly,
that
is
broader
and
and
relaxes
a
lot
of
the
restrictions
in
the
original
order.
It
also,
you
know,
continues
to
emphasize
all
of
these
social
distancing
techniques
that
have
been
emphasized
over
the
past
few
months,
making
sure
that
we
stay
six
feet
away
from
one
another,
making
sure
that
that
we're
PPE,
if
at
all
possible,
mask
and
also
wash
our
hands
diligently
and
it
as
often
as
possible,
but
but
hopefully
that
that
helps
with
the
question,
maybe
answer
some
of
it.
But
the
representative
Clark.
B
If
you're
still
with
us,
I
I
think
we
might
have
lost
representative
Clark's
feed
so
so
I
will
kick
it
over
and
hopefully
I
answered
that
question
once
again.
If
you
have
any
other
additional
questions,
as
Councilwoman
Johnson
had
mentioned
earlier,
please
feel
free
to
reach
out
to
us
at
the
city
and
you
can
also
email
all
of
us.
My
email
is
Matt
Newton
s,
Road
NC
gov.
You
can
jump
on
our
own,
our
Facebook
pages
too.
B
C
I
do
I
want
to
thank
all
of
the
presenters
today.
Thank
you
for
the
businesses
that
participated
again.
We
hear
you,
but
lastly,
I
do
want
to
say
that
this
this
is
a
health
crisis,
so
everyone
should
stay
safe.
We
know
once
the
health
crisis
is
over,
the
economic
crisis
will
truly
be
over,
so
we're
working.
C
We
hear
you
we're
working
for
the
the
assistance
and-
and
you
know
the
governor
is
if
we
are
entering
into
the
first
phase
of
the
lifting
to
stay
at
home,
but
primarily
take
care
of
yourselves
take
care
of
your
families,
because
this
is
a
very
serious
illness,
and
that
was
the
reason
that
all
of
this
was
done
in
the
first
place.
So
keep
that
in
mind
we
are
doing
our
best.
There
is
a
balance
to
safety.
So
again,
thank
you.
C
B
Governor
channel
go
to
the
City
of
Charlotte
Facebook
page,
and
you
will
see
another
fantastic
Town,
Hall
being
held
by
a
woman,
Julie
Iseult
and
Councilwoman
Victoria
Watlington.
Thank
you
all
once
again
for
your
participation
today.
Thank.