by Kelly Starzec | May 12, 2020 | COVID Archives
Since the second round of the Paycheck Protection Program opened on April 27, about 2.2 million loans have been made to small businesses, totaling more than $175 billion, according to the Small Business Administration. The loans, which are intended to cover eight...
by Kelly Starzec | May 5, 2020 | COVID Archives
Introducing a helpful tool that you can leverage to help estimate your PPP loan amount, the PPP Employee Loan worksheet. Use the worksheet to enter your individual employee’s pay, tax, and benefits information to calculate average employee and average monthly payroll...
by loudounsbdcdev | Apr 8, 2020 | COVID Archives
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, allocates $349 billion to help small businesses keep workers employed amid the current circumstances they are encountering. The CARES Act provides funding for the...
by loudounsbdcdev | Apr 2, 2020 | COVID Archives
The Small Business Association (SBA) has launched a tool for businesses to find lenders in their area. Click here to use the tool. Note: Lenders are not required to participate.
by loudounsbdcdev | Apr 2, 2020 | COVID Archives
Generally, a business can apply for loans under both the Paycheck Protection Program and the EIDL program but must use the EIDL for a purpose other than covering payroll costs. To determine whether to apply for a Paycheck Protection Program loan or EIDL, businesses...
