Important Policy Update on the
Paycheck Protection Program
Dear Chamber Leaders and Small Business Owners,
The United States Hispanic Chamber of Commerce (USHCC) would like to bring to your attention the latest information about how to apply for the
Paycheck Protection Program
is now available and we wanted to share the resources with you in real-time.
We encourage our member small business owners to apply as soon as possible and to work directly with your bankers and local Hispanic Chambers of Commerce network across America.
Applications will be accepted starting Friday, April 3, 2020 for small businesses.
The Paycheck Protection Program aims to help millions of American small businesses by authorizing up to $349 billion in forgivable loans to pay and re-hire employees.
Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.
- For a top-line overview of the program CLICK HERE
- If you’re a lender, more information can be found HERE
- If you’re a borrower, more information can be found HERE
- The application for borrowers can be found HERE