“The U.S. Chamber of Commerce has issued this guide to help small businesses and self-employed individuals prepare to file for a loan.”

“The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward….”

The guide answers frequently asked questions:

• Am I ELIGIBLE?
• What will lenders be LOOKING FOR?
• How much can I BORROW?
• Will this loan be FORGIVEN?
• What’s next?

Download a PDF copy of the guide: US CHAMBER OF COMMERCE PPP GUIDE

Things are moving really fast, folks, but you can count on us to keep pace with the daily torrent of news, changes, and updates. Here is an important note that the Paycheck Protection Program (PPP) application has been updated.

Here is the latest, up-to-the-minute version of the Paycheck Protection Program application downloadable PDF form: PPP_Borrower_Fillable_App_SBA_rev_20200403