The U.S. Treasury Department released the Paycheck Protection Program application that allows eligible small businesses and nonprofits to apply for loans to recover from the impact of the COVID-19 pandemic.
The application released is just a sample, since these loans will be coming from banks, but gives us an idea of what the application may look like.
The Treasury has also released additional guidance on borrower eligibility and requirements. We are analyzing this new guidance and are available to answer any questions you have.
According to the SBA, lenders may begin processing these applications on Friday, April 3, 2020. We look forward to helping you navigate the application process and position your business for maximum loan forgiveness.
Click here to schedule a time to discuss any of the items listed or anything else.