The Paycheck Protection Loan is an SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. These worksheets will help you determine the amount of the loan that will be forgiveness. Paycheck Protection Loan/Forgiveness Calculator Worksheets UPDATED: June 5, 2020 24-week PPP Loan Forgiveness Tracking Calculator, (XLS) 8-week PPP Loan Forgiveness […] Read more “CARES Act: Resources and Tools”
Category: CARES Act: PPP Loan Updates
Paycheck Protection Loan updates and resources for small businesses specific to the COVID-19 pandemic. We will continue to update this page as we learn more.
Transcript Hi everyone, I just wanted to create a quick video for independent contractors and self-employed relating to the Paycheck Protection Loan Program. Loan Assistance for Independent Contractors and Self-Employed opens Friday, April 10 Starting this Friday, April 10th, if you are an independent contractor or self-employed you can also apply for this loan program. […] Read more “Self-employed? How to Prepare your PPP Loan Application”
Loan Options for Small Businesses Make sure to check out our list lending options available to start-ups and small businesses. Paycheck Protection Loan Bank Portals Chase Bank of America Mid Penn Bank – FDIC insured and they have the application ready to complete! UPDATE 4/1/20: We are learning that this application is more of a […] Read more “CARES Act: Paycheck Protection Loan Timeline”
Coronavirus Relief Bill: The CARES Act About the SBA 7(a) Paycheck Protection Loan Program The Paycheck Protection Loan is to be used for expenses (detailed below) for the period February 15 – June 30, 2020. This is a first-come-first-serve program. There are over 30 Million small businesses in need of funds. Not everyone will receive […] Read more “CARES Act, Paycheck Protection Loan Summary and Common Questions”
This list of available small business loans and lender requirements is updated on a regular basis. Make sure to check out our list lending options available to start-ups and small businesses. 4/2/20 Update: Anonymous lender mentioned the PDF application form may change – another point that this process is constantly moving. 4/1/20 Update: Signature Bank […] Read more “Small Business Loan Updates”
What can you do right now as a small businesses owner? Important tips and actions to prepare your business. The Small Business Loan Fund is not unlimited. The demand for funds will exceed the supply so act now. ASAP – Contact your current lender to determine if they are an SBA-approved lender and can provide […] Read more “What should small businesses do right now to secure their company and staff?”