CARES Act Payroll Protection Program, Assistance for Small Business during COVID-19.
Surety companies and underwriters will view your participation in this program very favorably and we strongly encourage you to apply.
This program will provide “loans” to small businesses that may be fully forgiven when used for payroll costs as well as interest on mortgages, rent and utilities.
WHO CAN APPLY?
All small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as self-employed individuals, sole proprietorships, and independent contractors.
WHEN TO APPLY:
April 3rd, 2020 – Small Businesses and sole proprietorships
April 10th, 2020 – Independent contractors and self-employed individuals
Apply fast – there is a funding cap!
HOW TO APPLY:
Complete the Paycheck Protection Program loan application and submit with required documentation through any existing SBA 7(a) lender, federally insured depository institution or credit union, and Farm Credit System institution that is participating.
You may find a list of participating lenders at www.sba.gov
More information and the Paycheck Protection Program loan application can be found here:
Integrity Surety is here and has access to resources and information during this tough time. Please do not hesitate to contact us.