On March 31, 2019, Treasury released guidance to banks offering PPP. This is the first step in implementing the program and will be followed by more information for applicants.
Who is eligible to lend?
All existing SBA-certified lenders will be given delegated authority to speedily process PPP loans. All federally insured depository institutions, federally insured credit unions, and Farm Credit System institutions are eligible to participate in this program. A broad set of additional lenders can begin making loans as soon as they are approved and enrolled in the program. New lenders will need to submit their application to apply with the SBA.
IF you need assistance determining which program is best for your organization, please schedule a time below.
Given the urgency of the programs and the limited availability of funding, we understand that there are many businesses that are concerned about receiving funding. We have dedicated all of our resources to assisting business during this time of crisis.
Want to know what option is best for your business? Schedule a time to discuss by clicking the "schedule call" button below.
If you would like us to assist with EIDL before the April 1 deadline, please use the EIDL link below.