Paycheck Protection Program Deadline Is Next Week

Fresno District Office  - June 2020

u s small business administration

Paycheck Protection Program Deadline Is Next Week

SBA Live

 

 

There are only a few more days for San Joaquin Valley and Central Coast small businesses, nonprofits, independent contractors, sole proprietors (with and without employees) to apply for a Paycheck Protection Program (PPP) forgivable loan.  Over $100 billion in PPP funds are still available but time is running out!

PPP loans provide small businesses with eight weeks of funds for payroll, and can also be used for rent, mortgage interest, and utilities.  Recent changes to PPP gives small businesses more time and greater flexibility to use the funds to meet their needs. PPP loans can be forgiven if the business uses the loan proceeds for eligible purposes and keeps employees paid.  If you’re thinking about applying for PPP, you need to act fast before the program closes.

  • DETERMINE the amount of PPP funds you need
  • FIND a participating PPP lender
  • COMPLETE the PPP application & submit to your lender

 

Have questions or need help?  Email the Fresno District Office fresno@sba.gov or call us (559) 487-5791