Update: Paycheck Protection Plan Loan Program (PPP)
Thank you for visiting the CLG blog-space! We are committed, now and always, to bringing you the information you need to keep your business thriving, particularly during these unprecedented times.
On July 4, 2020, the Federal government extended the availability of loans under the PPP Loan Program for five weeks - from June 30, 2020 to August 8, 2020.
PPP loans are designed to be 100% forgivable if the proceeds are spent in accordance with the program rules (linked below); and as of June 30, the loan fund had an estimated $130 BILLION in remaining to be distributed to eligible sole proprietors and small business owners.
Click here for a link to the Program Rules
Paycheck Protection Plan Loan Program FAQs
Please contact us if you have any questions about how to take advantage of this opportunity.
Stay safe, and be well. Chenevert Law Group