SBA – Payroll Protection Program: Your Questions Answered
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, became law on Friday, March 27th. Included within the CARES Act is the Payroll Protection Program. The Act expands the availability of Small Business Administration (SBA) loans available to businesses affected by the Coronavirus pandemic.
Please note Interest Rate has changed to 1.0%. Guidelines are fluid and we will do our best to keep updating changes.
Additional guidance regarding the implementation of the Act is anticipated from the SBA in the coming weeks. Please refer to Small Business Association’s website and the application form below:
SBA-Paycheck Protection Program