Right now the Small Business Administration (SBA) is accepting applications for the Paycheck Protection Program.

This is a key program of the CARES Act meant to help businesses keep their employees on payroll for at least the next 8 weeks by providing forgivable loan funds that can be used for payroll, group health benefits/insurance premiums, rent/mortgage payments, utilities, and interest on certain debt obligations.

Practically all small businesses with fewer than 500 employees, both for-profit and nonprofit, are eligible for this program; including self-employed and independent contractors. Applications must be facilitated through your financial institution (bank, lender, credit union) and will be reviewed on a first-come, first-served basis.

There is no fee to apply, but you MUST apply through a financial institution.

You can get more information by going here.

(above information sent to the radio station from 1Berkshire for online and on-air use) 

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