Updated: Wednesday, June 16, 2020
This New Application on Loan Forgiveness is a simplified EZ Form for companies that qualify.
Updated: Wednesday June 16, 2020
This Application on Loan Forgiveness present a meaningful change and a new policy for the SBA for FTE Calculations.
FORM 3508EZ INSTRUCTIONS
Instructions: SBA FORM 3508 Paycheck Protection Program Loan Forgiveness Application Revised June 16, 2020
Flexibility Amendment to Paycheck Protection Program was passed on June 5th 2020
Treasury FAQ's on PPP Loan process for Borrowers and Lenders
The SBA will resume accepting Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020 at 10:30am EDT.
SBA Approvals from 4/27/2020 through 05/23/2020
Here is a link to download the Application for the Paycheck Protection Program Loan.
Paycheck Protection Program (PPP) Information Sheet: Borrowers (source: US Treasury)
The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.
Small Business Guidance & Loan Resources
Overview of Loan Programs Available
A guide from the California SBDC on resource for businesses impacted by COVID19
Understanding the Cares Act Impact
The Governor’s Office of Business and Economic Development (GO-Biz )
The US Senate Committee in Small Business & Entrepreneurship provided The Small Business Owner’s Guide to the CARES Act
California Senator Glazer hosted a "virtual Town Hall meeting" with three small business experts to discuss the effects of the pandemic and the economic shutdown on small businesses and their employees. The conversation detailed the state and federal assistance available.
The 1 hour call was recorded on March 31
To listen, call (402) 970-0847 and put in access code for the specific town hall listed below.
Access Code: 3044296#
Zae Perrin, president and CEO of the Danville Area Chamber of Commerce
Scott Rogalski, associate director of the Small Business Development Corporation for Northern California
Mark Herbert, California Vice President for Small Business Majority
The different SBA programs were discussed and tips and guidance when applying for the loans.