• Frank Quintero

PPP Loan Update for Businesses

SBA Paycheck Protection Program (PPP)

Updates (5/18/20)

If you have a PPP Loan:

  • LOAN FORGIVENESS APPLICATION. The SBA released its PPP Loan Forgiveness Application along with instructions about how to fill out the form for those businesses who have received a PPP loan. This is important to read and understand. Application information: https://bit.ly/3cGho7h Application form: https://bit.ly/3cC7t2m

If you need a PPP Loan:

  • FUNDS AVAILABLE: PPP funds are still available and the SBA is still accepting applications! Check with your local bank or online lender. SBA has approved the following fintech lenders: Intuit, PayPal, Square, Kabbage, On Deck, Funding Circle. A complete list of PPP eligible lenders is available here: www.sba.gov/paycheckprotection/find

More info:

  • PPP FAQ. The U.S. Treasury published FAQs on the PPP. FAQ #46 addresses how the SBA will review borrowers’ required good-faith certification that “current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.” The full FAQ can be found here: https://bit.ly/2ZeHiLs

  • NON-ENGLISH SPEAKING. PPP materials are now available in Spanish, Mandarin, Cantonese, and 14 other non-English Languages: https://bit.ly/3cL4pkA

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