Paycheck Protection Program / Payroll Protection Program
Adjustments to the PPP in the most current round of funding provided greater access to those most in need. A greater share of funding is now available exclusively for businesses with fewer than 10 employees, … Read More »
We understand many businesses are operated by owners for whom English is not their native language. The PPP fact sheet is now available in nine languages. Links provided courtesy of US Rep. Adam Smith:
… Read More »The U.S. Small Business Administration (SBA), announced they will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, … Read More »
The Small Business Administration (SBA), in partnership with the US Treasury, opened the preliminary Payroll Protection Program (PPP) application portal on Monday, January 11. This preliminary portal is focused on select minority and disadvantaged business … Read More »
We have received reports of local businesses receiving unsolicited emails (potentially phishing in nature) from entities offering help with PPP and EIDL loan applications. DO NOT submit personal or business information to entities unknown to … Read More »
Definitive rules for the second-draw SBA Payroll Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) remain pending. We will post details here when available. If you would like to track progress real-time, please:
The PPP was amended on June 5 by the Paycheck Protection Program Flexibility Act of 2020 to expand some of the program’s provisions. The window to spend borrowed funds was extended from eight weeks to … Read More »
The US Small Business Administration (SBA) reports more than $100 Billion in Payroll Protection Program (PPP) funds are still available for small businesses, sole proprietors, independent contractors, self-employed persons, 501(c)(3) non-profit organization, 501(c)(19) veterans organization, … Read More »
Adapted from Intuit Quickbooks: https://quickbooks.intuit.com/learn-support/en-us/help-articles/how-does-a-paycheck-protection-plan-loan-get-forgiven/00/535051?cid=DR_em_46987_001_Text1_US_QBO
If you are a recipient of a PPP loan, you may apply for forgiveness 8 weeks after your lender sent PPP funds. All or part of your loan may be … Read More »
Nationwide, the SBA Paycheck Protection Program (PPP) issued over 1.6 million loans through April 16, totaling over $342 billion. Washington State businesses received just over 30,400 loans totaling nearly $7 billion. About three-quarters of loans … Read More »
