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SBA's Paycheck Protection Program

April 19, 2020 10:29 AM | Donna-Jean Plante (Administrator)

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


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SAAGNY
50 Tice Blvd Suite 340
Woodcliff Lake, NJ 07677

Phone: (914) 848-7369
Fax: (914) 365-2541

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