Today, the U.S. House of Representatives passed a bill that will, in part, replenish the Paycheck Protection Program (PPP), following passage of the bill in the U.S. Senate on Tuesday. President Trump has said he will sign the bill into law. We will notify our members when the funding from the $484 billion “Phase 3.5” stimulus package becomes available.

Paycheck Protection Program

Cory Lunde

Today the Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP), the forgivable loan program for small businesses under 500 employees, has run out of its $350 billion in appropriated money.

According to the SBA, they are “currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding.”

Cory Lunde

On Monday, April 20, the Centers for Disease Control and Prevention (CDC) will host the next call in a series of weekly private sector calls for updates on the COVID-19 response. These calls take place every Monday at 1:00 p.m. PT and are hosted by Dr. Jay Butler, the CDC’s Deputy Director for Infectious Diseases.

Cory Lunde

USDA has posted a set of FAQs on the Paycheck Protection Program (PPP), a guaranteed loan program administered by the Small Business Administration (SBA). The purpose of the program is to support small businesses and help support their payroll during the coronavirus situation.

The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can be used to pay interest on mortgages, rent, and utilities.

Cory Lunde



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