Additional Funding Approved to Restart Paycheck Protection Program
Last night, Congress passed an additional $310 billion in funding to restart the Paycheck Protection Program (PPP). The PPP was created as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help businesses cover payroll and other expenses while they’re affected by COVID-19. Congress also approved $50 billion in new funding for the Small Business Administration’s Economic Injury Disaster Loan (EIDL) program.
The Chamber compiled a
list of Paycheck Protection Program (PPP) lenders in the Chamber membership. Click the button below to view the list of banks and other lenders that are accepting PPP applications. Please check with your lender about applying.