SBA N.C. District:  Paycheck Protection Program Overview

The U.S. Small Business Administration has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses.

U.S. Small Business Administration

SBA North Carolina District: Paycheck Protection Program Overview

On behalf of North Carolina District Director Thomas A. Stith III, you are invited to join us on Thursday, May 7, 2020 for a webinar to discuss Small Business Guidance and Loan Resources as part of SBA’s response to the COVID-19.The webinar will focus on the Paycheck Protection Program (PPP) and will review eligibility, the application process, loan use, current results, and more.PPP funds are still available so be sure to join the North Carolina District Office for this presentation with question and answer session.About:The PPP is an SBA loan program that helps eligible businesses and nonprofits (including faith based organizations) keep their workforce employed during the COVID-19 disaster.The PPP is designed to provide a direct incentive to keep workers on the payroll.SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.You can apply through any existing SBA 7(a) lender or through any other approved PPP lender.Link to the meeting will be sent via email the morning of the event.

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SBA N.C. District: Paycheck Protection Program Overview

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SBA N.C. District: Paycheck Protection Program Overview

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