On June 25, the Small Business Administration (SBA) and the Department of Treasury released a rule that will allow commercial fishing businesses to account for crew member payroll when applying for Paycheck Protection Program (PPP) loans. While commercial fishing businesses have been eligible to receive PPP loans, these businesses were not able to account for crewmember wages when calculating payroll costs in applying for a PPP loan. However, this rule change allows these businesses to include crew wages in the PPP Loan application. More information about the rule change can be found here in SBA’s most recent guidance. Note: Commercial fishermen have until June 30, 2020 to apply for a PPP loan.
King County is now in modified Phase 1 of Governor Inslee’s Safe Start reopening plan, which allows for limited openings of business activities. PSVOA’s office will reopen to members and visitors on Tuesday, June 9. For the safety of our staff, access to the office will be limited to one person at a time. In addition, visitors are required to wear a mask (or other suitable face covering) to gain entry, and office visits will be limited to 30 minutes.