Just a reminder that the Paycheck Protection Program, which offers forgivable loans up to $10 million to businesses with fewer than 500 employees, will begin accepting applications tomorrow. The SBA has provided a
tool to help you identify financial institutions
right here in our community where you can apply.
We know that now is an incredibly stressful time for you. And that's why this week, we have collected and shared a host of resources and tips to help you prepare to take advantage of this program. We have included several of these items below to help you prepare to apply.
The most important tip we have for you now is this:
do not wait to apply.
$350 billion has been allocated for this program, and yes, it is a lot of money. But many businesses across the nation will be applying for it.
So be sure to apply tomorrow or as soon as possible after.