FINALLY! SBA Finalized Paycheck Protection Program (PPP)

Dear Our Valued Clients,

 

The SBA has finalized the Paycheck Protection Program (PPP) that prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

Please click here to download U.S. Treasury Information Sheet which summarizes the SBA interim final guidelines for the PPP.

If you would like to apply, please click here to download the application and contact your bank as soon as possible.

Lastly, please click here to access complete information and resources about other SBA COVID-19 Relief Program available to business owners to help get through this crisis. For frequently asked questions, you can also review The Small Business Owner’s Guide to the CARES Act prepared by U.S. Senate Committee on Small Business & Entrepreneurship.

We will continuously be providing much needed information and updates to our past, present, and future valued clients to get through this unprecedented difficult time.

Please note we are forbidden to advise our clients on eligibility and application preparation. We must guide you to the SBA website, your legal counsel and your accountant for these interpretations. Should you have any other questions, please do not hesitate to contact us.

 

Best Regards,

 

V-AID Group, Inc.