Paycheck Protection Program (PPP) Update
April 26, 2020
Loan Forgiveness Program to Resume Monday, April 27th
The Small Business Administration (SBA) has updated their website regarding the Paycheck Protection Program (PPP), which has been provided additional funding and is now permitted to resume the PPP application and loan process.
Applications will be accepted from participating lenders beginning tomorrow, Monday, April 27th at 10:30 am EDT. Click here to find a participating financial institution (lender) near you. Click here to read and download the application form that your lender would be required to submit on your behalf. The SBA’s FAQ section reviews loan amounts and parameters, permissible use of funds received for “forgivable purposes” and other eligibility requirements.