SBA News Releases: PPP & EIDL

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June 19, 2020

SBA News Releases:

Paycheck Protection Program EZ Forgiveness Application Now Available

 

Economic Injury Disaster Loan Program Now Open to Small Businesses and Non-Profits

 
The U.S. Small Business Administration recently released updates pertaining to the Paycheck Protection Program forgiveness and opening of the Economic Injury Disaster Loan program to all eligible small businesses and non-profits.   
PPP EZ Forgiveness  The U.S. Small Business Administration, in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020.  Read more.
EIDL Open to All Eligible Small Businesses and Non-Profits To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today.   Read more.
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About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.