Paycheck Protection Program
Opens up for independent contractors and sole proprietors this Friday, April 10th.
All businesses please check with your lender about the application.
Treasury funded an additional $250 Billion for this program.
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.
SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
If you haven’t checked with your lender please do so.
Checklist for applicants
Application Here
Economic Injury Disaster Loan Emergency Advance
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.
Checklist for applicants
Program Information Here
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