The Paycheck Protection Program and Economic Injury Disaster Loans are saving millions of jobs, providing much-needed relief, and helping America’s small businesses make it through this challenging time.
As of this morning, the SBA is currently
unable to accept new applications for the PPP based on available appropriations funding.
Also, the SBA is
unable to accept new applications for the EIDL COVID-19 related assistance program, including EIDL Advances, based on available appropriations funding. Applicants who already submitted their applications will continue to be processed on a first-come, first-served basis. We continue to urge Congress to protect millions more American workers and their families by appropriating
additional funding to support PPP and EIDL loans. Stay tuned for more info......
As of April 16, 2020 Minnesota Payroll Protection Program numbers are reflected below....
MN approved applications is 46,383
MN approved loan amounts is $9,014,060,040
Business hasn't stopped, and your Chamber hasn't either. We're all in this together.......Stay healthy!