Air Date: April 16, 2020
Financial

David Hincapie, Economic Development Specialist, discusses SBA COVID-19 response loans

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David Hincapie, Economic Development Specialist, discusses SBA COVID-19 response loans David Hincapie, Economic Development Specialist with the U.S. Small Business Administration (SBA) discusses updates to the SBA and CARES Act Loan programs in response to COVID-19. Vernon and David discuss the Economic Injury Disaster Loan, Paycheck Protection Program, and SBA programs that address disenfranchised populations. The Small Business Administration (SBA) has announced new programs created by the Coronavirus Aid, Relief and Economic Security (CARES) Act, to support small businesses during the COVID-19 pandemic crisis. David shares updated information regarding the programs, the application process and reviews the eligibility requirements for cooperative businesses non-profit entities; and Self Employee and Gig-worker programs

Our host, Vernon Oakes, is a consummate advocate for cooperatives. He is a Past President of the National Association of Housing Cooperatives, and he’s served on several boards and committees to advance the interests of cooperatives. Recently, he served on the Limited Equity Cooperative Task Force, established by Anita Bonds, At-Large Member of the Council of the District of Columbia. Vernon is an MBA graduate of Stanford University, who has used his business acumen to benefit the community, by promoting the added value of the cooperative business model.