Exclusive PPP Loan Period for Smallest Businesses and Nonprofits Closes Next Week
The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. On February 24, The Small Business Administration established a 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees. This exclusive window is intended to give lenders and community partners more time to work with the smallest businesses to submit their applications, while also ensuring that larger PPP-eligible businesses will still have plenty of time to apply for and receive support before the program expires on March 31,...
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