Dear Members,
I wanted to make you aware of Paycheck Protection Loans.
The U.S. Department of Treasury shared new information regarding the
Paycheck Protection Program. The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.
The loans, which provide small businesses
forgivable loans to cover payroll and other fixed costs, will be available through private lenders this Friday.
So, my advice to you during this time of uncertainty: 1) take a breath and don’t panic; 2) contact your accountant if you have one or payroll specialist to gather the required documents; and 3) contact your preferred lender to complete the actual application.
If you do not have a preferred lender we are happy to make a personal introduction to one of our trusted member lenders.
