PPP Loan Forgiveness Application & Instructions
Apply for forgiveness of your PPP loan by completing this application and submitting it to your Lender.
Funds Restored for PPP Loans and EIDL Grants
Funds to the Paycheck Protection Program and SBA's EIDL grants have been restored. If you have not applied or have been denied access to one of these programs now is the time to reapply. It is projected that this round of funding will last between 10 and 15 days so if you need the funds act now!
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NOTE: If your local bank is not able to help, PayPal, Intuit, and Square Capital can now facilitate these loans.
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COVID-19 Emergency Loans: Small Business Guide
The U.S. Chamber of Commerce has issued a guide to help small businesses and self-employed individuals check eligibility and prepare to file for a loan. Small businesses, sole proprietors, independent contractors, and self-employed individuals can apply.
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CARES Act — Paycheck Protection Plan
Provides funds to enable small businesses to make payroll and pay their mortgage and utilities. You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program. Click here for more information.
New loans for PPP are currently being accepted. This sample application can help you gather the information needed to submit.
Economic Injury Disaster Loan (EIDL)
Traditionally EIDL loans would require a personal lien such as on a home. In this case, personal guarantees have been modified and sometimes elevated.
Small businesses have the opportunity for an immediate advance of $10,000, which, according to the SBA, will be given within three days of a request.
Now is the time to start the process: