0.7 min readPublished On: April 2, 2020Categories: News

Small Businesses Affected by COVID-19:
Payroll Protection Program Opens this Friday, 4/3

As part of recent legislation addressing the financial impact of COVID-19, a loan program has been set up for small businesses of under 500 people. It’s called the Payroll Protection Program.

We urge you to learn more about it now, investigate whether your firm qualifies, and submit your application rapidly, as there is a total cap on the fund. Applications open this Friday, April 3.

According to the Small Business Administration, “the funds will be provided in the form of loans that will be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll).”

Apply for Funds

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