PAYCHECK PROTECTION PROGRAM HAS REOPENED


The Paycheck Protection Program resumed accepting applications July 6, 2020 at 9:00 AM in response to the President's signing the program's extension legislation.

The new deadline  for application for a Paycheck Protection Program. (PPP) loan is August 8, 2020.

The PPP is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.

The Small Business Administration will forgive loans if all employee retention criteria are met and the funds are used for eligible expenses (75% wages and 25% overhead).