…PPP applicants with fewer than 20 employees will be able to apply exclusively from 8 a.m. Central time on Wednesday until 4 p.m. on March 9.
The St Tammany Chamber is sharing information with its members about steps taken by the federal government regarding their signature coronavirus-relief program for small businesses, which will accept applications exclusively from companies with fewer than 20 employees for 14 days. Officials say the exclusive application window is one of several steps the Small Business Administration and other federal agencies will take to improve access to the Paycheck Protection Program for very small companies and those owned by minorities or located in underserved communities.
The PPP, which offers forgivable loans to small businesses to help them weather the economic impacts of the coronavirus pandemic, reopened in January after being closed since August. The loans are issued by lenders and backed by the SBA.
PPP applicants with fewer than 20 employees will be able to apply exclusively from 8 a.m. Central time on Wednesday until 4 p.m. on March 9. The program overall is slated to end March 31.
