The SBA has changed the program. Maximum is now $1K per employee, not the flat $10K as promised in the CARES Act.
In addition, initial loan disbursements may be capped at $15K per applicant, rather than up to $2M that could have been given when approved. We are waiting for additional info from SBA. Emails are starting to go out from the SBA so be on the lookout. As of this point in time, we are hearing some clients are starting to receive these funds. We expect it will take at least a few weeks for everyone. Changes were made due to overwhelming demand for the Grants