PPP Loans update:
PPP loans - Second round summary
2.5 million loans
have been awarded
Total value =
$188,943,588,568
Total # of lenders giving loans =
5,463
$110 billion still available in the PPP.
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Do you have questions about the interim forgiveness rules?
FAQ sheet
is updated frequently. Save this link in your browser. This FAQ sheet was updated on May 13. Also information about all the PPP program rules can be found
here
.
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Do you have Safe Harbor questions: The deadline for asking for Safe Harbor has been moved to May 18th to decide to accept the PPP loan or not.
Paycheck Protection Program Materials Now Available in 17 Languages
The SBA is providing Paycheck Protection Program and related materials in 17 languages other than English to help small business owners recover due to the unprecedented economic disruption caused by the Coronavirus (COVID-19) outbreak. Additional information will be translated and posted periodically, and all documents are being provided for informational purposes only.
Learn more
Join the SBA Team
The SBA is hiring temporary employees to assist with disaster relief efforts during these unprecedented times. The positions include:
Call Center Customer Service Representative; Document Preparation/Legal Review/Loan Closings; Loan Processing/Credit Analysis/Mortgage Underwriting; Program Support
Apply today
Employer Credits from the IRS
The IRS is offering the following tax help for businesses affected by COVID-19:
Webinars for Employers on Individual Coverage Health Reimbursement Arrangements
As of January 1, 2020, employers can provide their workers with tax-preferred funds to pay for the cost of individual market health insurance coverage through individual coverage health reimbursement arrangements (HRAs).
To help employers learn more about this new option available to them, the Centers for Medicare & Medicaid Services (CMS) Center for Consumer Information and Insurance Oversight (CCIIO) is hosting webinars on these individual coverage HRAs. The webinars provide an overview of HRAs, explaining the opportunities they can provide to businesses and their employees. The presentation is followed by a Q&A session, where you will have a chance to ask any HRA-related questions.
Register now
For questions about the status of an Economic Injury Disaster Loan (EIDL) or EIDL Advance application:
SBA’s Disaster Customer Service Center may be reached by phone at 800-659-2955 (every day, 8:00am to 8:00pm ET). Individuals who are deaf and hard of hearing may contact 800-877-8339 (TTY). Alternatively, please email
disastercustomerservice@sba.gov
for assistance.