Updated 4/4/2020 with additional guidance provided in link to Treasury site below
ALERT: On April 2, 2020, the U.S. Department of the Treasury provided updated information on the guidance surrounding the Paycheck Protection Program. The information below reflects those changes as we understand them; however, the situation is very fluid. We continue to read and discuss with others and will provide a full update as soon as possible.
The updated guidance can be found here and includes:
Please note that while the information still says that small businesses and sole proprietors can begin applying April 3, 2020, we are getting mixed indications from lenders on when they will be ready for applications. Our suggestion is that you reach out to your lending officer now to find out exactly where they stand on being ready to receive your application.
If you have any questions and would like to connect with a team member please call 404-874-6244 or contact an advisor below.CONTACT AN ADVISOR