Under the Paycheck Protection Program (PPP) loans may be forgiven if borrowers use the proceeds to maintain their payrolls and pay other specified expenses. The Treasury Department and Small Business Administration recently released an eleven-page borrower application form and instructions for loan forgiveness. People have a lot of questions.
NDC is a partner in a new program that will target small businesses in New York State focusing on WMBEs, non-profits, and small landlords that did not receive Federal COVID-19 assistance.
An Overview of the PPP Application Requirements
NDC has 25+ years of experience lending directly to small businesses as well as collaborating with local governments and non profit agencies to design small business assistance programs.
Recording: Opportunity Zone Updates in WA State: Final Regulations & Investing in Uncertain Economic Times webinarApril 3, 2020
This webinar provides an overview of Opportunity Zones (including the final regulations released in December 2019), discusses projects that have taken place in Washington State, and goes on a deep dive into Marina Square, an OZ project in Bremerton, Washington. Recorded on Thursday, April 2nd.
In light of the COVID-19 crisis, communities, small businesses, nonprofits, and community development professionals are facing unprecedented challenges. Small businesses and nonprofits are struggling to stay afloat and retain employees, communities are being forced to reevaluate how they maintain operations and best serve their citizens, and economic development professionals are trying to stay up-to-date with the current federal efforts to rescue families and small businesses.
All of the staff and Board Members of The National Development Council hope that you, your families, friends and colleagues remain healthy and strong throughout this crisis, and that the communities and constituents we serve continue to receive our continuing support as we navigate this unprecedented health and economic crisis brought on by the spread […]
Last updated: 3/12/2020 Given the most current information concerning the coronavirus (COVID-19), we feel it is appropriate to postpone all NDC training classes that are scheduled through the month of April. We will continue monitoring guidance from the Centers for Disease Control and Prevention and the recommendations of local health officials where our trainings are scheduled in order to secure new dates for these classes.
During the NDC 50th Celebration at Kings Theatre, NDC honored BB&T, now Truist, for its work with NDC since 1997. This continuing partnership with NDC and NDC Training has helped to build the capacity of over 8,000 professionals in nonprofit development corporations, small business development centers, CDFIs, minority business accelerators and state and local governments. […]
Two nationally recognized lending experts are teaming up to grow small business ecosystems. In partnership with Thrive, the National Development Council (NDC) is launching an improved online loan application process to provide a faster and easier way for business owners to get a loan. Geared to minority- and women-owned businesses, this new partnership is designed to help with both working capital and business development support.