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Application process for Paycheck Protection Program opens Friday - Here's what you need to know

by National Marine Manufacturers Association 1 Apr 2020 22:59 PDT
White House © National Marine Manufacturers Association

Starting Friday, April 3, small businesses and sole proprietorships can apply for the Small Business Administration’s Paycheck Protection Program (PPP) – an initiative that was included in the $2 trillion economic relief bill signed by President Trump last week, which authorizes nearly $350 billion in forgivable loans to businesses to pay up to eight weeks of payroll costs, including benefits.

Funds can also be used to pay interest on mortgages, rent, and utilities. Click here to learn more.

To read more please go to the original article.

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