Paycheck Protection Program now accepting applications once again
President Trump signed legislation on Friday which added more than $300 billion in funding for the Paycheck Protection Program (PPP), a loan program to help small businesses meet their payroll during the emergency shutdowns due to coronavirus. The first round of the program earlier in April proved so popular that it quickly ran out of funds. Now this second round of funding is available to help more businesses. It also has additional protections in place to prevent big businesses from accessing the funds.
To find out more or to apply, visit the Small Business Administration PPP website.