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The CARES Act Paycheck Protection Program
UPDATE: The CARES Act Paycheck Protection Program
June 17, 2020: The U.S. Small Business Administration, in consultation with the Department of the Treasury, released two new Paycheck Protection Program (PPP) loan forgiveness applications. Read the June 17 press release here. View the EZ Forgiveness Application here. View the Full Forgiveness Application here.
June 12, 2020: The Small Business Administration has released a revised Paycheck Protection Program loan application.
April 3, 2020: Beginning on April 3, 2020, small businesses and sole proprietorships were able to apply for the Paycheck Protection Program ("PPP"). The U.S. Small Business Administration (“SBA”) has released an application for small businesses and sole proprietorships. Remember, SBA approved lenders provide PPP loans. Small businesses and sole proprietorships are encouraged to contact their banking institution to inquire about whether their banking institution is approved for making PPP loans. For further information on federal Coronavirus financial relief for small businesses, visit this website. This is provided for general information purposes only and is not intended to be legal or financial advice. Please contact your attorney, accountant, banking institution, and/or financial advisor for additional information on this subject matter.