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 organizations with less than 500 workers. The loan develops in 2 years at a 0.5% rates of interest, with payments delayed for 6 months. The Department of Treasury published details sheets for customers and loan providers, discussing 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.
http://businessadministrationcertification.com/small-company-administration-income-security-program/
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