***Update as of 9 July, 2020: The Paycheck Protection Program has resumed accepting applications as of 6 July, 2020 in response to the President signing the program's extension legislation. The new deadline to apply for a Paycheck Protection Program loan is 8 August, 2020. See https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program for additional details.*** As many of us try to make a small economic impact - ordering take out from a favorite restaurant or sending additional funds to a local charity or family member impacted by a sudden job loss- the larger need of more funds for the Paycheck Protection Program was just passed adding $310 billion in funding for American workers and small businesses. The second round of applications will officially open soon.
Update: CARES Act Update: Additional Funding Available To help you as you pivot your business strategies and evaluate your resources, we’ve assembled information about the CARES Act and the Paycheck Protection Program, which are now available. The application process for the PPP starts April 3, 2020 and is expected to be depleted quickly. We encourage you to work with your local banks, as well as your local and state programs to ensure your eligibility. Each business case comes with its own set of unique challenges but you are likely qualified for some assistance.