Yesterday, the Small Business Administration (“SBA”) has made the application for the Payroll Protection Program (“PPP”) loan available.
Starting this Friday, April 3, 2020, small businesses and sole proprietorships can apply for loans to cover their payroll and other certain expenses through existing SBA lenders. Next Friday, April 10, 2020, independent contractors and self-employed individuals can apply for the loans.
For more information regarding the SBA’s PPP loan program, please see the SBA brochure.
We are committed to assisting our clients through the loan process, and we will provide updates as more information becomes available. Please contact Len Gambino (312-648-2300; email@example.com) or Joan Berg (312-775-3624; firstname.lastname@example.org) with any questions you may have.