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SBA Paychecks Protection Program

 

SBA Cares Act Update:
  • The SBA Cares Act program that is being handled by private banks is called the  "Paychecks Protection Program"  
    • This is the portion of the loan that is eligible to be forgiven 
  • Check your emails from your bank for an application link or go to your bank's website to look for the online application - this will be faster than going into your bank
    • Most likely your local bank will not be able to help you out because they either don't know how it works or not prepared to help you
  • The banks are not prepared to handle the large numbers of businesses applying so expect delays, road bumps, and systems being down
 
SBA Loan Paths