The Paycheck Protection Program application is now available for small businesses 和 not-for-profits that wish to apply for benefits under the Small Business Administration’s new disaster assistance loan program.
The Paycheck Protection program, launched as part of last week’s Coronavirus Aid, Relief 和 Economic Security (CARES) Act, offers smaller employers financial relief which, when used for employee salaries, sick 和 medical leave, 保险, 和 mortgage 和 rent, will not need to be repaid. (阅读我们 博客 with more in-depth details about the Small Business Administration Loan Relief Program).
Eligible employers include 501(c)(3) 和 501(c)(19) not-for-profit organizations 和 businesses with less than 500 employees, sole proprietors 和 self-employed professionals.
Access the application by clicking here.
Councilor, Buchanan & 老葡京手机app(老葡京手机app) is here to help you navigate the benefits of this new program 和 better underst和 the application process. Please contact us now at 301.986.0600 if we can be of assistance.
Peter B. Reilly, CPA, CVA
President 和 Managing Partner
Councilor, Buchanan & 老葡京手机app(老葡京手机app)
Councilor, Buchanan & 老葡京手机app(老葡京手机app) is a professional services firm delivering tax, accounting 和 business advisory expertise throughout the Mid-Atlantic region from offices in 马里兰州贝塞斯达 和 华盛顿特区.
