Renner Business News; April 1, 2020
The Department of Treasury has released the Paycheck Protection Program application
The Paycheck Protection Program offers small businesses and 501(c)(3) charities a loan to pay employee salaries under $100,000, health insurance, rent, utilities and loan interest for eight weeks. If used for these purposes, borrowers may apply for forgiveness of the loan.
The SBA is administering the program through approved borrowers.
Eligible borrowers should begin the application process today.
For details on how the Paycheck Protection Program will apply to you, contact your financial professional.
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