SMALL BUSINESS PAYCHECK PROTECTION PROGRAM

Paycheck Protection Program Information

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The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone.

 

• Continue Business Operations

• All businesses Eligible

• 100% Fully Forgiven

• 6 Months Deferred

• No Loan Fees

 

LIMITED FUNDS AVAILABLE: Apply before June 3rd or before funds are exhausted.

 

When can I apply? 

• Starting April 3, 2020, small businesses and sole proprietorships can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders.

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• Starting April 10, 2020, independent contractors and self-employed individuals can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders.
   

Who can apply?

All businesses – including nonprofits, veterans organizations, Tribal business concerns, sole proprietorships, self-employed individuals, and independent contractors – with 500 or fewer employees can apply. Businesses in certain industries can have more than 500 employees if they meet applicable SBA employee-based size standards for those industries

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