Time is running out to apply for a Paycheck Protection Program (PPP) loan to help your small business through the COVID-19 crisis. There is still more than $120 billion available and the June 30 deadline to apply is fast approaching!
The Paycheck Protection Program provides small businesses with funds for payroll costs and other eligible non- payroll costs.
More than $100 Billion in PPP funds are still available. The recent passage of the Paycheck Protection Flexibility Act allows small businesses to use funds up to 24-weeks and have the option of extending the life of the loan from two years to five. SBA will forgive loans if funds are used as intended.
Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.
For more information, visit here.
List of Participating Lenders