Menu
Log in
Log in

Members Login By Clicking Icon Above


SBA's Paycheck Protection Program

April 19, 2020 10:29 AM | Deleted user

Please click here for the application for the SBA's Paycheck Protection Program.

Please click here for an information sheet.

The SBA has issued some details and sample applications for the Paycheck protection program.

Business applications are suppose to be available Friday April 3. 

You will need to certify that your business has been impacted by the virus.

Loan amounts are 2 months of last years payroll plus 25%

Forgiveness will be for payroll and some overhead expenses paid 8 weeks after the loan is provided.

Unforgiven amounts are due within 2 years, however no payments are due for the first 6 months.

Be in contact with your bank on how to apply with them.

You can prepare by looking at the sample application and fact sheet.  SBA link is below

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources



**PLEASE NOTE NEW ADDRESS**

SAAGNY

96 Linwood Plaza, Ste 569

Fort Lee, NJ 07024

Phone: (914) 848-7369

Powered by Wild Apricot Membership Software