SBA Forgivable Loan – Paycheck Protection Program (PPP)
There is much news about the Paycheck Protection Program (PPP), which is the forgivable loan backed by the SBA. Below is the relevant information you need in order to apply. All of this information is accessible by going to SBA Website – PPP section
PPP Borrower Guide Information sheet – issued by Dept of Treasury: Click Here
PPP Application: Click Here
Lenders will begin processing applications on April 3, according the SBA
It is our understanding and that of the AICPA that virtually all banks and credit unions will be able to process these applications, but you should check with your local banker and discuss this Lenders Guide to be sure.
We remain available to assist in any way we can. Please feel free to share this information.
Francis S. Infurchia & Company, LLC