If you stayed on the sidelines during the last few months while banks have loaned over $500 billion in potentially forgivable loans to small businesses, you still have a chance to apply!
Congress extended the deadline for Paycheck Protection Program applications to August 8th of 2020 early this month.
Congress and the SBA have continued to tweak and interpret the rules in a borrower favorable manner with a 24 week covered period and a 60% payroll requirement.
If you have already received a PPP loan, you cannot reapply. Please contact us if you have additional questions.