This stimulus package PPP loan program needs to be better orchestrated by the Federal Government (SBA) working directly with Small Businesses and not via the banks. There is so much confusion!
"Wells Fargo said Sunday evening that it has exhausted its $10 billion capacity for lending under the SBA's Paycheck Protection Program as the bank operates under a regulatory asset cap." Many banks are not even ready to take applications and there are other banks that have exhausted their quota? How long will the money last?
The whole experience has been very painful for businesses that are applying for the PPP loan. The processes are clear as mud. Join our Small Business Stimulus Package town hall meeting today - the 4th town hall meeting in this series - and meet the experts, a chartered accountant team that is well versed with the Cares Act. They will discuss how it applies to families and businesses and what's in it for you. Things have already shifted after our last webinar on Thursday last week.
WHEN: 7:30pm-8:30pm, April 6th, 2020
RSVP: http://rishikumar.com/rushhour . Your RSVP gets you an email response with the meeting info. Please check your spam folder too in case you don't see our reply in your inbox.
The guest lineup of our podcast this week "Reality Check with Rishi"
Highlight this week: Meet Navin, Chaddha, Mayfield Ventures on Thursday @ 6:30pm
4/6 @ 6:30pm Political Monday with community leader Yogi Chugh community engagement and activism and the call to action for us now to work as "one community" in handling the impacts of Covid-19
4/6 @ 7:30pm Small Business Stimulus Package town hall meeting #4
4/7 @ 6:30pm Health Tuesday Topic: Coronavirus town hall meeting #5 with healthcare practitioners
4/8 @ 6:30pm Small Business Wednesday Stimulus package town hall meeting #5
4/9 @ 6:30pm Tech Thursday with Navin Chaddha, Mayfield Ventures discusses the future of Silicon Valley innovation after Coronavirus.
4/10 @ 6:30pm Youth Friday - Town hall meeting with High school students. They discuss policies with RIshi
RSVP here http://rishikumar.com/rushhour to attend these meetings. Your RSVP gets you an email response with the meeting info. Please check your spam folder too in case you don't see our reply in your inbox. Shall we team up and help our neighbors?
This is the time we find so many rallying and supporting neighbors, healthcare workers, and anyone seeking help. We must look out for each-other, especially our seniors, and ones most vulnerable. The Neighborhood Pandemic Preparedness Team (NPPT) requests your help in the following areas:
- Our NPPT volunteers are checking in with their neighbors to see if they need help with groceries, medication etc. We are helping senior centers in distributing their food boxes to seniors. Your help is needed. Would you like to launch NPPT for your neighborhood? We can get you started. Join our daily noon call and we will train you.
- We are providing home cooked / restaurant food to our healthcare professionals while they stay quarantined away from their families. Shall we show them our love? Let us know if you want to get involved.
- We are conducting podcasts on many informative topics of today. Four Coronavirus town hall meetings already with medical professionals, 3 Small Business town hall meetings and more. Join us weekdays @ 6:30pm. See the archives here
- We are making Coronavirus specific information accessible and providing the facts versus the fiction. This Coronavirus newsletter has lots of great info, hyperlinks you can browse through.
- We are making regular cloth masks to protect our front-line warriors.
- Donate your unused fabric (100% cotton only)
- Can you stitch and have a sewing machine? Your skills can help us. We provide you the raw material needed and the blueprint to make them. We will be happy to train you too.
- High school and college students can join us and help in many areas. Just submit your info using the link below
To get involved with any of these efforts, submit your info at RishiKumar.com/coronavirus. Scroll down all the way to the bottom of the web page, fill and submit the form. Your submission gets you an invitation to our daily noon meeting. Please check the spam folder for messages from campaign@Rishi2020.com
We look forward to collaborating with you to address the challenges of today.
Thanks
Rishi Kumar
- Candidate for U.S Congress
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