Blog

On Wednesday, Congress passed legislation to extend the application deadline for the Paycheck Protection Program until August 8, 2020. The PPP still has $130 billion in available funds for small businesses.

Loan Forgiveness Application & Instructions

While this program is far from perfect, numbers do matter; and, this program has undoubtedly helped save millions of businesses and jobs around the country. The state of Georgia alone has had more than 145 thousand PPP forgivable loans approved, totaling more than $14 billion during the second round of PPP funding. Below is a graphic that summarizes PPP’s impact on the entire country to date.


If you are a small business owner in need of financial assistance, you can still apply for a PPP loan. Below are some helpful resources to help you apply for PPP:

Find Eligible Lenders Tool

SBA Lender Application Form

SBA Borrower Application Form

PPP was created under the CARES Act economic stimulus package passed by Congress in March, and replenished with the supplemental bill passed by Congress. This program is designed to provide cash-flow to small businesses impacted by the COVID-19 health crisis.

I will continue to update businesses in Georgia’s 11th Congressional District on important federal response efforts due to COVID-19 as they become available. Please do not hesitate to contact my office if you have any questions or concerns, through my website at www.loudermilk.house.gov.

Additional Resources: Helpful Reads

SBA Press Release: Paycheck Protection Program Loan Forgiveness Application

Forbes: SBA Issues PPP Loan Forgiveness Guidance, A Few New Rules: What You Need To Know Now

Sincerely,

Barry Loudermilk
Member of Congress