The Small Business Administration has implemented a
Paycheck Protection Program
, which is essentially an
SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. More information is available on the
SBA Website
and at the links below.
Congressional leaders are looking to allocate up to $250 billion more for the Small Business Administration’s Paycheck Protection Program this week, according to the American Bankers Association.
Senate Majority Leader Mitch McConnell said he hopes to see more funding provided as soon as Thursday, using parliamentary procedures allowing the Senate to pass uncontroversial legislation. The program, which began taking applications last Friday, processed more than $70 billion in the first two days. Treasury Secretary Steven Mnuchin also said an additional $250 billion would boost the Paycheck Protection Program efforts to help small business.
Past funds have been allocated for several small businesses already, but in the event that funds will be released again, please explore the application process and comparison below!