Small Business Paycheck Protection Program (PPP)
This program provides small businesses with funds to pay up to eight weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.

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April 3rd is the first day that small businesses and sole proprietorships can apply for Small Business Paycheck Protection Program (PPP) funding assistance. This program provides small businesses with funds to pay up to eight weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.

Funds are provided in the form of loans but will be fully forgiven when used for appropriate expenses (at least 75% must have been used for payroll). Forgiveness is based on the employer maintaining for quickly rehiring employees and maintaining salary levels.

You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating.

This funding was made available through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. If you are planning on applying, we recommend you do so immediately.

Please review the PPP Overview HERE and PPP Fact Sheet HERE. Apply online HERE or download the application HERE.