U.S. Small Business Administration has announced that it will resume accepting Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020 at 10:30am EDT. This comes after the President signed the bill providing an additional $320 billion to refill the Paycheck Protection Program on Friday, April 24th. The original outlay for the Paycheck … [Read more...] about SBA will resume accepting PPP applications on April 27
Covid-19
Bank of America has already received over 122,000 PPP loan applications from small businesses totaling over $27 Billion
By mid-morning of only the second day since the loan applications under the Paycheck Protection Program (PPP) began, Bank of America reported that over 122,000 small business clients have already applied for the program, totaling over $27B in loans. Bank of America has also expanded the process to include all current business account holders, irrespective of whether … [Read more...] about Bank of America has already received over 122,000 PPP loan applications from small businesses totaling over $27 Billion
US Govt’s $2 Trillion Relief Package and PPP loan details for SMBs
Letting go of some of your amazing and hard-working staff is a very tough call for any business, especially in these difficult times. Now, there is some relief announced by the government as part of their $2 Trillion Relief package. If you had to let go of your employees in the last couple of weeks in an effort to stay afloat during these uncertain times, please read on. The US … [Read more...] about US Govt’s $2 Trillion Relief Package and PPP loan details for SMBs