SBA Loan Guidelines and Application

April 2, 2020 | Stuart McCallum

Stuart McCallum's portrait
Stuart McCallum, ASA

Jon Paul Davis's portrait
Jon Paul Davis, CPA, CGMA, MBA

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. 

Application 
For the Paycheck Protection Program application, click here

Guidelines 
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.

Top