On March 31, the Small Business Administration (SBA) launched its sample application for the Paycheck Protection 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 accredited loan provider across the country. Omar Nashashibi of The Franklin Partnership in Washington, D.C., sneak peeks the loan program offered beginning April 3 to companies with less than 500 workers. The loan develops in 2 years at a 0.5% rate of interest, with payments delayed for 6 months. The Department of Treasury published info sheets for customers and loan providers, describing that the loan provider might forgive parts of the loan.
CLA has actually contracted with Franklin Partnership and Omar Nashashibi to offer the material for this video and audio series.
https://businessadministrationcertification.com/small-company-administration-paycheck-protection-program-2/
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