Latest Paycheck Protection Program Information
Paycheck Protection Program is Set to End on March 31 – Banks and other businesses are pressing the Biden administration and Congress to keep the federal Paycheck Protection Program (PPP) running beyond its March 31st expiration date, warning that struggling employers need more time to obtain vital business loans. Some banks responsible for doling out billions of dollars in loans under the PPP are beginning to close down their application portals early so they can process applications they have already received.
With Three Weeks Left, Move Fast on Your PPP Loan – If you are considering applying for a loan, under the federal Paycheck Protection Program, do it as soon as possible. Here is info on the program.
PPP First & Second Draw Webinar Wednesdays – The SBA Vermont District Office hosts free webinars from 9am until 10:30am on Wednesdays about the Paycheck Protection Program First Draw and Second Draw options. What is a PPP loan, terms, eligibility, and the application process. What is the difference between them? What has changed with the Economic Aid Act? Details on both programs will be presented. To access the webinar, click here. To access the webinar by phone, call 202-765-1264 and enter code 986 011 495#. For more information, email Susan Mazza from the SBA here.
PPP Forgiveness Webinars Tuesdays – The SBA Vermont District Office hosts free webinars from 11:30am until 1pm on Tuesdays about Paycheck Protection Program forgiveness. Topics include criteria, the process, changes and more. To access the webinar, click here. To access the webinar by phone, call 202-765-1264 and enter code 986 011 495#. For more information, email Susan Mazza from the SBA here.