Paycheck Protection Program Update | 4/24/2020
Dear Valued Clients & Partners,
With the House of Representatives passing the new $484 billion relief package, where $310 billion has been allocated to refill the depleted Paycheck Protection Program Funds, the Small Business Administration has issued new guidance for companies applying to receive relief funds. Companies applying for the coronavirus relief funds must certify that the loans are necessary and that they cannot tap other sources of money. You can learn more about SBA’s new guidance and other Frequently Asked Questions here.
Please let us know if you have any questions. Our team will continue to keep you informed as more information becomes available.