Banks are set to begin accepting applications from small businesses for forgivable loans under the Paycheck Protection Program (PPP) on April 3, 2020.
A breakdown of four major types of financial relief or aid programs for small and mid-size businesses dealing with the coronavirus outbreak.
Application forms are available for small businesses loans under the Payroll Protection Program. Funds can be used to maintain payroll up to $10 million.
Payroll and HR software provider, Zenefits, is providing a free year of payroll software to new small business customers during the COVID-19 pandemic.
A regularly updated list of financial assistance programs for small businesses hurt by the outbreak of COVID-19 sorted by state and county.
Small businesses in all 50 states can now apply for SBA coronavirus relief loans. The loans are low-interest and can go up to $2 million.
North Dakota small businesses negatively impacted by the coronavirus outbreak can now seek relief loans from the SBA.
The SBA approved statewide eligibility for coronavirus relief loans for impacted small businesses in Oregon.
The SBA approved eligibility for coronavirus relief loans for small businesses in Minnesota. Loans can be as high as $2 million.
Wisconsin small businesses are eligible apply for low interest coronavirus relief loans from the SBA worth up to $2 million.