HOW TO GET A SMALL BUSINESS LOAN UNDER THE PAYCHECK PROTECTION PROGRAM – LENDERS TO BEGIN PROCESSING APRIL 3, 2020
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.
SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
The Paycheck Protection Program will be available through June 30, 2020.
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