If you own a business and think that you are NOT eligible for a Paycheck Protection Program loan through the SBA’s COVID-19 relief program, please click the link below to read about the changes made to eligibility as of February 24, 2021.
https://www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program
Here is what you need to know (from your fellow Business Owner):
* The Small Business Administration (“SBA”) put this relief program in place to help businesses, nonprofits, and faith-based organizations recover from the impacts of COVID-19.
* The SBA is currently offering PPP loans until May 31, 2021 however, since your application would be submitted through your business bank, note that each bank has a different deadline so you must move quickly.
* Many loans will be 100% forgiven!
* PPP Loan Applications and FAQs should be available on your bank website so connect with your bank (or accountant) ASAP with any questions.
I am not associated with the SBA in any way so am simply sharing the info! I ask you to please pass this along to other business owners!
It’s the beginning of National Small Business Week and we need to help each other out now more than ever!
