How To Apply for the FREE PPP Loan – Paycheck Protection Program
Are you a small business owner or independent contractor?
Have you taken advantage of the free PPP loan?
In this video I cover everything there is to know about the new PPP (Paycheck Protection Program) that the SBA is offering to small businesses and independent contractors to help with the payroll, mortgage, rent and utility expenses during virus breakout.
1:53 – When to Apply
2:10 – The Benefits of the PPP loan
3:42 – Requirements for Forgiveness
4:41 – How to Apply
The PPP loan are loans funded by the SBA (Small Business Administration). SBA approved lenders like local banks are the ones in charge of processing these loans for consumers. PPP loans are part of the $349 Billion given to the SBA from the US Department of Treasury from the total $2.2 Trillion CARES Act stimulus package.
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