Stimulus Paycheck Protection Program
The prior post was for the SBA Disaster Loan Assistance program. This one is for the Paycheck Protection Program created via the stimulus package. https://www.sba.gov/funding-programs/loans/paycheck-protection-program Here is the article that talks about it: https://www.washingtonpost.com/business/2020/03/30/heres- how-get-small-business-loan- under-349-billion-coronavirus- aid-bill/ The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. The Paycheck Protection Program will be available through June 30, 2020. Information is coming out in dribs and drabs and I will try to keep everything collated here. If you have data to share, please email it to me and I will post it. That also allows me to target it to specific clients a...