Today #smallbusinesses and sole proprietors can begin working with their lenders to submit loan applications for the federal Paycheck Protection Program (PPP). Independent contractors and self-employers can begin submitting applications April 10.
PPP is part of the federal CARES Act enacted last week. It provides potentially forgivable loans in amounts to cover 2.5 months of payroll or $10 million (whichever is less). We recommend contacting your current lender immediately. Lenders will prioritize current customers as they process applications. Begin completing your application: https://bit.ly/2UYkYSj.
Learn more about this funding source and others available to small businesses: https://bit.ly/3aBDEOq.
If you have questions about what funding is available for your business, contact our Denver Metro Small Business Development Center at firstname.lastname@example.org.