What You Should Know About the Paycheck Protection Program From the SBA
A Small Business Administration (SBA) loan can help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis through The Paycheck Protection Program (PPP).
PPP offers an emergency fund to assist with cash flow and is currently available through March 31, 2021. This is a federally guaranteed loan program designed for employers during this crisis. PPP has a host of attractive features, including loan forgiveness if the funds are used for payroll costs, interest on mortgages, rent, and utilities. There are no SBA fees, and these loans have a deferral period of at least ten (10) months.
Horizon is here to help your business during these challenging times. As a certified SBA provider, we will continue to facilitate the Paycheck Protection Program to eligible business owners.
Please email us at SbaGovLending@HorizonBank.com for assistance or visit our website that provides an online application and checklist of items you will need to apply to obtain eligibility to this program.
From start to finish, we are ready to help you through this process and these challenging times.
For more information or other COVID-19 financial resources, visit us here.