The Paycheck Protection Program is one of the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Congress's gigantic economic stimulus package that the President signed into law on March 27, 2020. Here are the details that you need to know. Please call our office to speak to your accountant if need assistance or have any questions at 302-230-7171 or firstname.lastname@example.org.
Applications for small businesses (less than 500 employees) and sole proprietorships may be submitted to your SBA 7(a) approved lender starting April 3, 2020, and by self-employed individuals starting April 10, 2020. The program is open until June 30, 2020, however funds are limited and we encourage you to be prepared to apply on April 3, 2020.
What you will need to apply:
Things you need to know:
We have detailed the highlights of the program, but please be sure to read the entire application and other program details provided directly by the SBA or your lender.
Please do not hesitate to contact us with questions at 302-230-7171 or email@example.com.
For additional details and FAQs available through AICPA, please click here.
To access the Payroll Protection Program (PPP) Application, please click here.
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