SBA PPP Loan Program Guide
SBA’s Paycheck Protection Plan
The Coronavirus Aid, Relief and Economic Security (CARES) Act offers small business owners unprecedented financial assistance which may be ultimately the only lifeline available.
We’ve pulled together resources for small business owners to help them understand how the Paycheck Protection Plan Loan can help them.
The first resource is an Infographic that helps business owners determine if their business is eligible for the PPP Loan and if so, how much they can apply for. Click on the Infographic to the right and it will take you to an article that explains the PPP Loan program in more detail.
The second resource is an article written about how the SBA allocation of $349B was used up in less than two weeks. There are 4 Steps a business owner can take to address this problem, if funding is still desired.
The third resource is an Online Calculator that will compute the amount of PPP Loan Forgiveness the business owner can expect to receive. Planning is extremely important if the business owner intends to apply for and be granted PPP Loan forgiveness by their SBA lender. This Calculator is based on the SBA’s current published guidelines and will likely be updated before the end of April 2020.
As new SBA guidance is issued, we will update this page.
Feel free to share our Paycheck Protection Program Resources page with your social media network by hitting the icons to your left. Your fellow small business owners will thank you!