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Paycheck Protection Program Deadline Reminder

by Thunda

The application deadline for the federal CARES Act Paycheck Protection Program is June 30, 2020.

Pleae visit https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program for current rules and form, and contact your SBA-certified lender to apply. 

EIDL Reminder

The application deadline for the CARES Act Economic Injury Disaster Loan and the Economic injury Disaster Loan Advance programs is December 21, 2020, subject to funds availability.

Small business owners are able to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. This loan advance will not have to be repaid. Recipients do not have to be approved for a loan in order to receive the advance, but the amount of the loan advance will be deducted from total loan eligibility. 

Please visit https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loan-emergency-advance for details and to apply online.

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