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Financestimulus

Alaska Girl Scouts received PPP loan for lost cookie sales

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The Associated Press
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By
The Associated Press
The Associated Press
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April 27, 2020, 9:29 PM ET
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Selling Girl Scout cookies is normally a foolproof business model, but the coronavirus outbreak cooled sales of for Alaska scourts.

The Girl Scouts of Alaska looked for help and the group is expected to receive a federal recovery loan to help compensate for lost cookie sales.

First National Bank Alaska facilitated the federal Paycheck Protection Program loan, The Anchorage Daily News reported Sunday.

Leslie Ridle, head of one of Alaska’s two Girl Scouts councils, said fears of girls becoming infected with COVID-19 forced the organization to cut its six-week sales season in half.

Cookie sales fund nearly everything the council does, including camps and scholarships for 3,500 girls and wages for 20 full-time employees.

“It was frenzied shopping, and people were hoarding cookies like they were toilet paper,” Ridle said of sales before the state ordered business closures last month.

Now her Anchorage-based council is sitting on about 144,000 unsold boxes filling the homes of scouting families in southern Alaska, Ridle said.

“I’m hearing from lots of families: ‘When am I getting these out of my living rooms?’ ” Ridle said.

A First National Bank Alaska loan officer called at night and on weekends, including Easter Sunday, to gather information to obtain the loan, which arrived in the council’s bank account last week, Ridle said.

The funding allowed employees to continue working and provide online programs for Girl Scouts stuck at home, like magic trick lessons and flamenco dancing. A new COVID-19 badge emphasizes good hygiene.

“It’s our bridge to keep things going,” Ridle said.

Companies including ConocoPhillips Co., GCI LLC and First National Bank Alaska have also made big cookie purchases to help the Girl Scouts.

People whose lives have been altered by the pandemic still want the cookies, the “ultimate comfort food,” Ridle said.

For most people, the coronavirus causes mild or moderate symptoms, such as fever and cough that clear up in two to three weeks. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia, and death. The vast majority of people recover.

More coronavirus coverage from Fortune:

—What the law says about forcing employees back to the office
—Coronavirus turns the outdoor industry’s crucial spring into the most challenging in years
—5 lessons for the coronavirus recovery, from an expert on success and failure in crisis
—What to know if your small business is applying for Round 2 PPP loans from the SBA
—There may be 22 hidden coronavirus hotspots in states poised to lift restrictions
—Coronavirus brought China’s travel industry to a standstill. Now it’s showing signs of life
—Work from home tips from the executive team that brought you Zoom
—PODCAST: COVID-19 might have upended the concept of the best companies of the year
—WATCH: Fortune’s top 10 heroes of the coronavirus pandemic

Subscribe to Outbreak, a daily newsletter roundup of stories on the coronavirus pandemic and its impact on global business. It’s free to get it in your inbox.

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