Earlier this month, the Small Business Administration’s Paycheck Protection Program (PPP) offered the first round of relief to small businesses under 500 employees by providing needed capital to cover payroll, utilities, rent, insurance, and loan payments (see PPP program description below). For businesses unable to take advantage of these loans in the first round, there is another opportunity! Payroll Protection Program. The SBA’s Payroll Protection Program (PPP) is designed to help businesses maintain their workforce by enabling small businesses to cover payroll and other expenses for eight weeks during the COVID-19 crisis. The loans cover up to $10 million and may… read more »
COVID-19 Update: Your Business May Be Eligible for Federal Loans
COVID-19 Update: Your Business May Be Eligible for Federal Loans CGA Law Firm has created a COVID-19 Business Resource Portal on the CGA website with consistently updated information on government loan offerings. The site has easy-to-read charts, articles on specific topics, answers to the most frequently asked questions, and links to targeted loan applications. Follow the links below to learn more about loans that can bring relief to your business. For small businesses (under 500 employees) in need of capital to cover payroll, utilities, rent, insurance, and loan payments: Paycheck Protection Program. The SBA’s Paycheck Protection Program (PPP) is enabling small… read more »
