SMALL BUSINESS PAYCHECK PROTECTION PROGRAM
Paycheck Protection Program Information
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.
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Continue Business Operations
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All businesses Eligible
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100% Fully Forgiven
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6 Months Deferred
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No Loan Fees
LIMITED FUNDS AVAILABLE: Apply before June 3rd or before funds are exhausted.
When can I apply?
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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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