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Notice: Paycheck Protection Program resumes January 11, 2021 at 9am ET

1/11/2021

SBA, in consultation with the U.S. Treasury Department, will open the Paycheck Protection Program loan portal on Monday, January 11, 2021 at 9 am ET. When the PPP loan portal system opens, it will initially accept First Draw PPP loan applications from participating CFIs, which include Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), and Microloan Intermediaries.

Loan Details
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.
SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses.

PPP loans have an interest rate of 1%.
Loans issued prior to June 5 have a maturity of 2 years. Loans issued after June 5 have a maturity of 5 years.
Loan payments will be deferred for borrowers who apply for loan forgiveness until SBA remits the borrower's loan forgiveness amount to the lender. If a borrower does not apply for loan forgiveness, payments are deferred 10 months after the end of the covered period for the borrower’s loan forgiveness (either 8 weeks or 24 weeks).
No collateral or personal guarantees are required.
Neither the government nor lenders will charge small businesses any fees.

How To Apply
You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.

If you wish to begin preparing your application, you can download the following PPP borrower application forms to see the information that will be requested from you when you apply with a lender:

Paycheck Protection Program First Draw Borrower Application Form (revised 01-08-21)
Paycheck Protection Program Second Draw Borrower Application Form (01-08-21)

Supplemental Materials

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Post #173 shooters continue winning ways

1/5/2021

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Rob Lafary
Published in the Versailles Republican, December 31, 2020

The Versailles American Legion Post #173 junior shooting team took part in its third match in Southern Indiana Air Rifle competition this past week and came away with yet another victory as the team defeated Shoals, Corydon and Jasper in a virtual match format.

Versailles competed with two teams with both claiming the top two spots in the match. Post #173 saw its No. 1 team win the match with a score of 1063-29 while the No. 2 team finished runner-up with a 928-9. Shoals American Legion Post was third with a 775-6 and the standings were rounded out by the Southern Indiana RPC (Corydon) at 775-6 and the Southern Indiana Sharpshooters (Jasper) with a 617-7.

In the overall individual standings, Versailles took all three places with Maggie Holt winning the match with a 268-11. Tanner Franklin was second with a 267-8 and Richie Block finished third with a 267-5. Holt was also the top shooter in prone competition with a 97-7 and first in the kneeling competition at 97-4.

Trenton Franklin finished runner-up in the prone portion with a 97-5 and Block was third with a 95-4. Block scored an 82-0 and was third in a standing round that also saw Tanner Franklin finish runner up with an 85-2. The two would flip flop spots in the in the kneeling round with Block placing second at 90-1 and Franklin finishing third with an 89-1.

Post #173 has closed out its 2020 portion of the season and picks back up in January as they continue to prepare for a national championship run in 2021.

Source: https://ripleynews.com/news/post-173-shooters-continue-winning-ways/

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