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The SBA has announced the following: Lapse in Appropriations Notice: SBA is unable to accept new applications at this time for the Paycheck Protection Program or the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding. EIDL applicants who have already submitted their...

*****THIS BLOG POST HAS BEEN SUPERSEDED, SPECIFICALLY THE TERMS OF THE LOAN RATES AND REPAYMENTS. SEE UPDATED BLOG POST PAYROLL PROTECTION PROGRAM LOAN APPLICATION RELEASED***** Seemingly the most significant lending option in the CARES Act, the small business-focused Paycheck Protection Program increases the government guarantee...

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