Stimulus Package Forgivable Loan Application

You can receive a stimulus grant for 10 000 as a forgivable loan if you make your application through the sba which is the small business administration.

Stimulus package forgivable loan application. By layla ilchi on april. Subscribe for more updates. View the online loan application process here.

How to apply for a small business loan through the coronavirus stimulus package the 2 trillion stimulus package allocates 350 billion for the paycheck protection program. Download the paycheck protection program ppp and e. Here s everything you need to know about how.

Sba is currently accepting paycheck protection program ppp loan applications from participating community financial institutions cfis and lenders with under 1 billion in assets which includes approximately 5 000 institutions including community banks credit unions and farm credit institutions. Https bit ly 2hdkrsisee how large of a forgivable loan you are eligible for. In this video i discuss the very real possibility of getting a 10 000 forgivable loan aka grant aka free money from the united states government.

The new 2021 ppp language allows borrowers to elect a covered period ending at the point of the borrower s choosing between 8 and 24 weeks after loan origination. This is the stimulus loan but in reality the stimulus bill makes this a stimulus grant. We offer multiple funding options for those seeking relief.

The program s goal is to deliver cash into the hands of small businesses with fewer bureaucratic hurdles. The small business administration issued new guidance tuesday on how firms with fewer than 500 employees can secure fully forgivable federal loans. Https youtu be 1axqt1ii4c4this is the stimulus package forgivable loan for small business owners independen.

In addition for loans under 150 000 there will be a simplified one page application form created by the sba and approved by congress.