SBA Loan Guidelines and Application
April 2, 2020 | Stuart McCallum
The U.S. Department of the Treasury has released the following resources to assist eligible businesses in applying for loans related to the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
For the Paycheck Protection Program application, click here.
The Paycheck Protection Program (PPP) provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. Please note, it is anticipated that not more than 25% of the forgiven SBA loan amount may be for non-payroll costs. Read more here.