On March 31, the Small Company Administration (SBA) launched its sample application for the Income Defense Program (PPP) loan developed in the just recently passed CARES Act signed into law March 27,2020 The PPP will utilize the SBA’s network of more than 1,800 licensed loan provider across the country. Omar Nashashibi of The Franklin Collaboration in Washington, D.C., sneak peeks the loan program offered beginning April 3 to companies with less than 500 workers. The loan grows in 2 years at a 0.5% rate of interest, with payments delayed for 6 months. The Department of Treasury published info sheets for debtors and lending institutions, describing that the lending institution might forgive parts of the loan.
CLA has actually contracted with Franklin Collaboration and Omar Nashashibi to supply the material for this video and audio series.
https://businessadministrationcertification.com/small-company-administration-income-defense-program-2/
No comments:
Post a Comment