PPP Program Funding Still Available
 
Posted on Wednesday May 13, 2020
 
Several news feeds quoted a source from the Small Business Association stating that as of May 8, 2020, approximately $120 million of the second round of Paycheck Protection Program funding is still available for small businesses. The forgivable loan program is described below in more detail.
 

The SBA information and applications are posted below:

The loan amounts will be forgiven as long as:
- The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 week period after the loan is made; and
- Employee and compensation levels are maintained.

Please see the attachments for additional information that the SBA provided.

Paycheck Protection Program  - Overview

Paycheck Protection Program - Fact Sheet

Paycheck Protection Program Application

 

 
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