The Paycheck Protection Program (PPP) prioritizes millions of Americans employed by small businesses and non-profits by authorizing up to $349 billion towards job retention and certain other qualifying expenses.
We strongly encourage you to seek direct information from approved government sources as formal guidance from the SBA is continuing to be released as the CARES Act program is developing. The most current information can be found at https://home.treasury.gov/cares.
Small businesses and eligible nonprofit organizations described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.
For a top-line overview of the program, click here.
The application for borrowers can be found here.
If you’re a borrower, more information can be found here.
To view the SBA Faith-Based Organizations FAQ, click here.
Please note that the above links are direct to the program webpage and the information contained on the links will be updated as the guidance is released. Contact your local SBA-approved lender for the specific application process for their institution.
Information is from sources deemed reliable. Information is subject to error, omission, withdrawal, or change. Updated April 6, 2020.