Dear Small Business Owner,
The anticipated Paycheck Protection Program (PPP) guidance and application forms are now available from the Small Business Administration (SBA). Applications are being accepted as of today, and many private sector financial institutions are helping to process them.
SBA Guidance
SBA Lender Application Form
SBA Borrower Application Form
The Paycheck Protection Program was created under the CARES Act stimulus package passed last week. This $350 billion program is designed to provide immediate cash-flow to small businesses impacted by the current health crisis.
Please note: the application form I emailed on Wednesday was a ‘sample’ form. The application forms above are the actual forms that will need to be filled out and submitted.
Sincerely,
Barry Loudermilk
Member of Congress