The Small Business Administration (“SBA”) has made the application for the Payroll Protection Program (“PPP”) loan available.
Starting this Friday, April 3, 2020, parishes can apply for loans to cover their payroll and other certain expenses through existing SBA lenders. Next Friday, April 10, 2020, independent contractors and self-employed individuals can apply for the loans. To find an SBA lender near you, visit www.SBA.gov. A list of Illinois SBA lenders is attached.
For more information regarding the SBA’s PPP loan program, please see the attached SBA brochure regarding PPP loans.