--- title: New Funding from COVID-19 Relief Loan Program description: New Funding from COVID-19 Relief Loan Program image: https://8820271.fs1.hubspotusercontent-na1.net/hubfs/8820271/new-funding-from-covid-19-relief-loan-program-blog.png --- ### Find what you're looking for Search - [ Applications ](https://itaconix.com/applications) - [ Categories ](https://itaconix.com/applications) - [ Dish Detergent ](https://itaconix.com/applications/dish-detergent) - [ Fabric Care ](https://itaconix.com/applications/fabric-care) - [ Household ](https://itaconix.com/applications/household) - [ Pet ](https://itaconix.com/applications/pet) - [ Beauty ](https://itaconix.com/applications/beauty) - [ Hygiene ](https://itaconix.com/applications/hygiene) - [ Claims ](https://itaconix.com/claims) - [ Safety ](https://itaconix.com/claims/safety) - [ Performance ](https://itaconix.com/claims/performance) - [ Affordability ](https://itaconix.com/claims/affordability) - [ Sustainability ](https://itaconix.com/claims/sustainability) - [ Products ](https://itaconix.com/products) - Key Attributes - [ Scale Inhibition ](https://itaconix.com/products?function=%22Scale+Inhibition%22) - [ Dispersion ](https://itaconix.com/products?function=%22Dispersion%22) - [ Chelation ](https://itaconix.com/products?function=%22Chelation%22) - [ Odor Neutralization ](https://itaconix.com/products?function=%22Odor+Neutralization%22) - [ Foam Enhancement ](https://itaconix.com/products?function=%22Foam+Enhancement%22) - [ Film Former ](https://itaconix.com/products?function=%22Film+Former%22) - Cleaning - [ Itaconix® DSP 2K® ](https://itaconix.com/products/itaconix-dsp-2k) - [ Itaconix® TSI® 322 ](https://itaconix.com/products/itaconix-tsi-322) - [ Itaconix® TSI® 422 ](https://itaconix.com/products/itaconix-tsi-422) - [ Itaconix® ONZ™ 100 ](https://itaconix.com/products/itaconix-onz-100) - [ Itaconix® ONZ™ 105 ](https://itaconix.com/products/itaconix-onz-105) - [ Itaconix® ONZ™ 400 ](https://itaconix.com/products/itaconix-onz-400) - [ Itaconix® ONZ™ 405 ](https://itaconix.com/products/itaconix-onz-405) - [ Itaconix® SF 505 ](https://itaconix.com/products/itaconix-sf-505) - Beauty - [ VELASOFT® NE 100 ](https://itaconix.com/products/velasoft-ne-100) - Hygiene - [ VELAFRESH® ZP20 ](https://itaconix.com/products/velafresh-zp-20) - [ VELAFRESH® ZP30 ](https://itaconix.com/products/velafresh-zp-30) - [ VELAFRESH® ZP75 ](https://itaconix.com/products/velafresh-zp75) - [ VELAFRESH® ZP95 ](https://itaconix.com/products/velafresh-zp95) - Resources - [ Technical Data Sheets ](https://itaconix.com/resources?type=%22TDS%22) - [ Safety Data Sheets ](https://itaconix.com/resources?type=%22SDS%22) - [ Formulas ](https://itaconix.com/formulas) - About - About - [ History ](https://itaconix.com/about) - [ Tech Platform ](https://itaconix.com/about/technology-platform) - [ Leadership ](https://itaconix.com/leadership) - [ News & Events ](https://itaconix.com/blog) - Investors - Investors - [ At a Glance ](https://itaconix.com/investors) - [ Regulatory Announcements ](https://itaconix.com/investors/regulatory-announcements) - [ Reports & Results ](https://itaconix.com/investors/results-and-reports) - [ Share Information ](https://itaconix.com/investors/share-information) - [ Corporate Governance / AIM Rule 26 ](https://itaconix.com/investors/corporate-governance) - [ Corporate Contacts ](https://itaconix.com/investors/corporate-contacts) ##### Need Help? - [Talk to Us](https://itaconix.com/talk-to-us) - [Resources](https://itaconix.com/resources) - [ Search ](https://itaconix.com/blog/new-funding-from-covid-19-relief-loan-rns-18-may-2020-final#search-modal) - [ 1.603.775.4400 ](tel:1-603-775-4400) - [ Ask Itaconix ](https://itaconix.com/ask-itaconix) # [ Insights and Articles ](https://itaconix.com/blog) - Browse Topics More - [Investor News](https://itaconix.com/blog/tag/investor-news) - [RNS](https://itaconix.com/blog/tag/rns) - [News](https://itaconix.com/blog/tag/news) - [Cleaning](https://itaconix.com/blog/tag/cleaning) - [Formula](https://itaconix.com/blog/tag/formula) - [Sustainability](https://itaconix.com/blog/tag/sustainability) - [Beauty](https://itaconix.com/blog/tag/beauty) - [Performance](https://itaconix.com/blog/tag/performance) - [Fabric](https://itaconix.com/blog/tag/fabric) - [Hygiene](https://itaconix.com/blog/tag/hygiene) - [Dishwash](https://itaconix.com/blog/tag/dishwash) - [Investor Video](https://itaconix.com/blog/tag/investor-video) - [Cost-effectiveness](https://itaconix.com/blog/tag/cost-effectiveness) - [Plant-Based](https://itaconix.com/blog/tag/plant-based) - [Safety](https://itaconix.com/blog/tag/safety) - [Hair](https://itaconix.com/blog/tag/hair) - [Events](https://itaconix.com/blog/tag/events) - [Pet](https://itaconix.com/blog/tag/pet) - [Trading Update](https://itaconix.com/blog/tag/trading-update) - [Financial Highlights](https://itaconix.com/blog/tag/financial-highlights) - [Bathroom](https://itaconix.com/blog/tag/bathroom) - [Deodorant](https://itaconix.com/blog/tag/deodorant) - [Skin](https://itaconix.com/blog/tag/skin) - [Annual Report](https://itaconix.com/blog/tag/annual-report) - [Institutional Industrial](https://itaconix.com/blog/tag/institutional-industrial) - [Reports and Documents](https://itaconix.com/blog/tag/reports-and-documents) - [Solutions](https://itaconix.com/blog/tag/solutions) - [Surfaces](https://itaconix.com/blog/tag/surfaces) [Subscribe](https://itaconix.com/blog/new-funding-from-covid-19-relief-loan-rns-18-may-2020-final#blog-subscribe-form)   19 May 2020                                                                                                        FINAL Itaconix plc ("Itaconix" or the “Company”) New Funding from COVID-19 Relief Loan Program Itaconix (LSE:ITX) (OTCQB:ITXXF) announces that it has received $0.2 million in new funding from a loan under the US Small Business Administration’s Paycheck Protection Program. The Company received the maximum amount allowed under the program based on its payroll and may qualify for partial forgiveness under the terms of the loan if certain payroll conditions are met. If these conditions are not met or the Board chooses not to seek forgiveness, the loan is repayable in equal instalments over eighteen months commencing in December 2020. Further details on the loan program are available at [https://www.sba.gov/fundingprograms/loans/coronavirus-relief-options/paycheck-protection-program](https://www.sba.gov/fundingprograms/loans/coronavirus-relief-options/paycheck-protection-program). John R. Shaw, CEO of Itaconix, stated: “As we continue to experience increasing demand for our detergent polymers, this funding will assist us with staffing levels to support growth in customer volumes. I am pleased that Itaconix can help working families and contribute to the US Small Business Administration’s efforts to maintain employment during the current pandemic.” *This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.* Ends For further information please contact:   Itaconix                                                                                      +1 (603) 775 4400    John R. Shaw / Laura Denner   N+1 Singer                                                                                 +44 (0) 207 496 3000    Peter Steel / James Moat (Corporate Finance)    Tom Salvesen (Corporate Broking) About Itaconix Itaconix plc (LSE: ITX) is a leading innovator in bio-based functional ingredients for improving the safety and performance of homecare, personal care, and industrial products. Its proprietary polymer technology generates a growing range of new ingredients with unique functionality that meet consumer demands for value and sustainability.  ![background image](https://8820271.fs1.hubspotusercontent-na1.net/hubfs/8820271/assets/images/backgrounds/glow-cta-bar.svg) ### Download full news release [Download ](https://8820271.fs1.hubspotusercontent-na1.net/hubfs/8820271/Imported_Blog_Media/New-Funding-from-COVID-19-Relief-Loan-RNS-18-May-2020-FINAL.pdf) ## Related Articles [Investor Video Interview: Itaconix launches SPARX at SEPAWA Oct 16, 2024 6:19 min watch ![](https://8820271.fs1.hubspotusercontent-na1.net/hub/8820271/hubfs/SPARX-proactive-interview.png?width=450&height=250&name=SPARX-proactive-interview.png) ](https://itaconix.com/blog/proactive-interview-itaconix-launches-sparx-program) [Investor News First Order for New Use in Sustainable Fashion Dec 22, 2021 1 min read ![](https://8820271.fs1.hubspotusercontent-na1.net/hub/8820271/hubfs/first-order-for-new-use-in-sustainable-fashion-blog.png?width=450&height=250&name=first-order-for-new-use-in-sustainable-fashion-blog.png) ](https://itaconix.com/blog/21-12-22-first-order-for-new-use-in-sustainable-fashion) [Formula Formula: Sulfate-Free Hand Soap Jun 30, 2024 1 min read ![](https://8820271.fs1.hubspotusercontent-na1.net/hub/8820271/hubfs/37-Beauty-Skin-liquid-hand-soap-thumb%20copy.jpg?width=450&height=250&name=37-Beauty-Skin-liquid-hand-soap-thumb%20copy.jpg) ](https://itaconix.com/blog/formula-sulfate-free-hand-soap) ## Subscribe via Email Subscribe to our blog to get insights sent directly to your inbox. ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Laura Denner", "url" : "https://itaconix.com/blog/author/laurad" }, "dateModified" : "2024-06-13T16:53:18.406Z", "datePublished" : "2020-05-19T17:21:07.000Z", "headline" : "New Funding from COVID-19 Relief Loan Program", "image" : [ "https://8820271.fs1.hubspotusercontent-na1.net/hubfs/8820271/new-funding-from-covid-19-relief-loan-program-blog.png" ], "mainEntityOfPage" : { "@id" : "https://itaconix.com/blog/new-funding-from-covid-19-relief-loan-rns-18-may-2020-final", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://8820271.fs1.hubspotusercontent-na1.net/hubfs/8820271/assets/images/logos/logo-full-color.png" }, "name" : "Itaconix" } } ```