SBA Paycheck Protection Program
Some lenders use a deadline of March 15 – apply now!
The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Borrowers may be eligible for PPP loan forgiveness.
“The most recent PPP changes make it easier for independent contractors, self-employed, and sole proprietors, to access relief funds. Even better? They also give solos the chance to receive larger loans based on gross income, which means more money in the pockets of those who need it most,” says Chelsey Taylor from Alignable.
SBA is currently offering PPP loans until March 31, 2021. President Biden announced program changes to make access to PPP loans more equitable.
However, while the deadline to apply for PPP loans is March 31st, some lenders are using earlier deadlines. Here’s how the newest changes to PPP are affecting the timeline and why you should apply immediately. Get the details here.
If you need assistance in navigating the process for the Paycheck Protection Program or PPP or any other relief programs, please contact the Las Cruces office of Senator Martin Heinrich at (575) 523-6561 for assistance. You can also visit his Covid-19 Resource Center at www.heinrich.senate.gov/coronavirus