SBA launches paycheck protection program tomorrow
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Ngày mai bắt đầu cho nộp giấy tờ cho small businesses. Ai có business nên hỏi nhà Bank hay tự làm online

$$ mượn thì không phải trả lại

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https://www.nbcnews.com/business/busines...m-n1175336



Millions of small businesses are anxiously awaiting their slices of a $350 billion relief program that forms part of the government's $2 trillion economic support package. However, with just hours to go before launch, it wasn't until Thursday night that banks received their 31 pages of guidance from Treasury on how to lend the money — and some haven't even decided whether they can participate on the opening day.



In a strongly worded statement, one of the nation's biggest lenders said the much-touted relief program for small business owners wasn't ready for prime time.



"Financial institutions like ours are still awaiting guidance from the SBA and the U.S. Treasury," Chase Bank said in an email to business customers, referring to the Small Business Administration. "As a result, Chase will most likely not be able to start accepting applications on Friday, April 3rd, as we had hoped."

The bank said it would post electronic updates on its website and Twitter account and send emails when it was ready to start participating.





"We are working hard so we can be ready as soon as humanly possible, " a senior Chase executive told NBC News, but with several regulatory hurdles, it was unlikely the bank could start processing applications by Friday morning.




At a White House news briefing Thursday afternoon, Treasury Secretary Steven Mnuchin maintained that the program is ready to go, and said he wasn't aware of the complaints. "We just put up the federal register with the new guidelines for lenders,” he said. “I've been assured that the banks will start lending tomorrow."

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https://www.nbcnews.com/politics/congres...l-n1170281




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https://www.sba.gov/funding-programs/loa...rogram-ppp



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Paycheck Protection Program (PPP)
An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.



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Apply for the Paycheck Protection Program
FIND A LENDER
Loan Information
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.
SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.[/size]


You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.
Lenders may begin processing loan applications as soon as April 3, 2020. The Paycheck Protection Program will be available through June 30, 2020.

Who Can Apply


This program is for any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501©(19) veterans organizations affected by coronavirus/COVID-19.
Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards for those industries.
Small businesses in the hospitality and food industry with more than one location could also be eligible if their individual locations employ less than 500 workers.

Loan Details and Forgiveness
The loan will be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.

Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels.  Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.



This loan has a maturity of 2 years and an interest rate of 1%.
If you wish to begin preparing your application, you can download a sample form to see the information that will be requested from you. 



Other Assistance


In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are currently eligible to apply for disaster assistance.
Enhanced Debt Relief is also available in SBA’s other business loan programs to help small businesses overcome the challenges created by this health crisis.


For information on additional Lending options, please click here.
SBA provides local assistance via 68 district offices and a nationwide network of resource partners. To find resources near you, please 

Lender Guidance
The Interim Final Rule announcing the Paycheck Protection Program information is being posted in advance of publication in the Federal Register.  The official version will appear in the Federal




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