Monday, August 3, 2020

SUBSCRIPTIONS

Moab, UT

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    Herbert to small businesses: Contact lenders

    Featured Stories

    Survey: Local parents want daily in-person teaching

    “I really don’t think that 40% of all people are not going to send their kid to school.”

    Tales of Trails: Savor spectacular views from thrilling Shafer Trail

    In the 1890s, Moab pioneer brothers Frank M. And John S. Shafer developed the route from what had been a Native American pathway connecting what is now Canyonlands National Park to the river below.

    At 99, Moab man is knighted by France

    “The French people will never forget his courage and devotion to the great cause of freedom,”

    Leaving Guatemala, Part 4: ‘A year in the land of eternal spring’

    Though I planned to return someday, whether as a Peace Corps volunteer or not, this experience proved that even the best-laid plans go awry.

    Leaving Guatemala, Part 3: Sudden departure came with painful goodbyes

    Men donned wooden masks and numerous layers of sweatshirts and ponchos then proceeded to hit each other with whips as they danced around the town square.
    Carter Pape
    Carter Papehttp://moabtimes.awebstudio.com/author/carter-pape/
    Reporter Carter Pape covers news out of the Grand County Council Chambers, including housing, tourism, crime, and more.

    Governor implores people to apply through SBA

    Small business owners have been strongly encouraged to apply for financial assistance through the recently passed Paycheck Protection Program by Gov. Gary Herbert and Economic Task Force Chair Derek Miller, and lenders were thanked for their quick and efficient work with businesses in an effort to mitigate the economic effects of the coronavirus.

    “Every Utah business with [fewer] than 500 employees that has been impacted by COVID-19 should apply for a PPP loan, emergency disaster loan, or both,” said Herbert. “Our banks, credit unions, and all qualified Utah lenders are working overtime to assist not only existing customers but new customers, as well.”

    The Paycheck Protection Program is available to all businesses — including nonprofits, veterans organizations, tribal business concerns, sole proprietorships, self-employed individuals, and independent contractors — with 500 or fewer employees.

    The two-year term loans have a fixed rate of 1%. The unsecured loans do not require collateral or personal guarantees by the borrower. No borrower or lender fees are payable to SBA. The maximum loan amount is $10 million or two-and-a-half times the business’s average monthly payroll costs.

    “This is the most important thing we can do right now to support the Utah economy, our businesses and families,” noted Miller when discussing the program. “The capital that comes to businesses — that goes to pay employees and pay rent and other operating expenses — flows through the economy. The Utah Leads Together Plan identifies federal stimulus as one of the most important ways Utahns, employers and the overall economy can get through the urgent phase. It’s the fuel that will keep our economic engine running. Every business impacted by COVID 19 should apply.”

    The purpose of the Utah Economic Response Task Force is to connect people with available business resources and provide technical assistance through the Rapid Response Team. This team has more than 50 volunteers from over 20 Utah organizations and has already assisted over 600 Utah small businesses.

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    Latest News

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