Posted on April 24, 2020
President Trump has signed into law a bill providing for $500 billion in relief due to the COVID-19 pandemic. Part of the package includes approximately $320 billion more for the Paycheck Protection Program (PPP).
The Small Business Administration (SBA) has not yet released a plan or details for how or when the PPP will reopen; however, we are encouraging businesses to reapply if they did not receive a loan in the first round or who did not apply before the original funds ran out.
For more information, please contact Sarah Holland.