Paycheck Protection Grants for Small Businesses - Applications Open Tomorrow!
As part of the federal response to COVID-19, the U.S. Treasury has announced applications for the newly created Small Business Paycheck Protection Program will be accepted starting tomorrow, April 3. Loans covering two and a half months of payroll will be forgiven in full if used for purposes of paying your employees during this time period. The program also allows borrowers to use up to 25% of the funds on operating costs such as mortgage, rent, or utility payments.