Paycheck Protection Program
The Paycheck Protection Program “PPP” has authorized up to $349 billion in forgivable loans for small businesses to continue to pay their employees during the COVID-19 Crisis. A fact sheet has been created that breaks down all of the specifics to apply for the Paycheck Protection Program and the different conditions for the loans. All businesses with 500 or fewer employees can apply for this program including: nonprofits, veteran organizations, Tribal business concerns, soil proprietorships, self-employed individuals, and independent contractors. Businesses in specific industries may have more than 500 employees if they meet the applicable SBA employee-based size standards for that industry.
Please download and read the included PPP Fact Sheet to learn more about this program.