On Tuesday, President Biden signed into law the Paycheck Protection Program Extension Act of 2021, extending the program until May 31. Why is this important? The Paycheck Protection Program was set to expire on March 31, this bill continues the program for two additional months through May 31. In addition, the bill extends the authorization period for the PPP loans until the end of June, providing the Small Business Administration additional time to process the applications. How can you learn more? Learn more about the extension here. Visit the SBA’s Small Business PPP page here.
As of Friday, April 3, the Small Business Administration has opened up the Paycheck Protection Program loan applications. The application can be downloaded here. A few things to note: Please be patient with banks as they only just received guidance
It is important to remember that you should consult your local lender to determine which loan, the Economic Injury Disaster Loan or the Paycheck Protection Program Loan is best for your business. Overview of the Paycheck Protection Program (PPP)
Overview of the Paycheck Protection Program (PPP) The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. Sample Application Form The SBA has provided a sample Application
Tuesday, March 31: CARES Act: The Small Business Owner’s Guide Emergency Loans: Small Business Guide & Checklist from US Chamber Friday, March 27: The House of Representatives has passed the CARES Act by voice vote and President Trump has indicated
SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance for each affected small business. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The interest
Families First Coronavirus Response Act (HB 6201) The Families First Coronavirus Response Act (HB 6201) responds to the coronavirus outbreak by providing paid sick leave and free coronavirus testing, expanding food assistance and unemployment benefits, and requiring employers to provide additional