SBA will Once Again be Accepting Loan Applications
The U.S. House of Representatives has passed the latest COVID-19 bill and President Trump is expected to sign it into law any moment. The SBA will begin accepting Payroll Protection Program (PPP) and EIDL (Emergency Injury Disaster Loan) grants and small business disaster loans effective almost immediately.
The best way to find a PPP lender is to start with your existing bank or lending institution. If they don’t plan to offer PPP loans should more funding become available, businesses can search online for eligible PPP lenders or contact their local SBA district office.
Check out our helpful hints on the application process and also our guidance on which program to apply for. Don’t forget that you may also qualify for FEMA assistance.
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