Breaking News: 3/31/2020 Paycheck Protection Program Update

Posted on: 3/31/20

Breaking News: 3/31/2020

Paycheck Protection Program Update

The U.S. Small Business Administration just released an updated item list and application document giving clarification to some of the key terms and conditions essential to the Paycheck Protection Program (“PPP”), authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis.

To learn more about the following:

  • When can you apply?
  • Where can you apply?
  • Who can apply?
  • What do you need to apply?
  • How long will the program last?
  • What can you use the loans for?
  • How large can the loans be?
  • How much of the loan will be forgiven?
  • And more...

Check out this fact sheet for answers to all of those questions and more.

Click here for a copy of the application. 

Visit our special Coronavirus Resources and Information page for additional information.

Stay healthy!

Kevin P. O'Leary, CPA, Managing Director

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