UPDATE: Additional Information for PPP and Small Business Assistance

The Trump Administration continues to update and provide additional information and resources with regard to the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

The U.S. Department of the Treasury and the U.S. Small Business Administration released additional guidance regarding the Paycheck Protection Program today:

·         Joint Statement by Secretary Steven T. Mnuchin and Administrator Jovita Carranza on Establishing Dedicated Hours for Small Lender Submissions of PPP Applications

·         Frequently Asked Questions (Question 38)

 

Assistance for Small Businesses

The Paycheck Protection Program is providing small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead.

Program Overview

For Borrowers

For Lenders

·         Lender Assistance Hotline: (833) 572-0502

Program Rules

 

For more information and updates, visit Treasury.gov/CARES and SBA.gov/PayCheckProtection.

Written by Alexandra Moyer

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