As of Friday, April 3, 2020, the Small Business Administration (SBA) is accepting loan applications from lenders under the Paycheck Protection Program (PPP), enacted March 27^th.  APPLY TODAY (or as soon as possible) if you are eligible and wish to participate in this first-come, first-served $349 billion program. Once these dollars are exhausted, the program will not accept additional applications. PPP loans do not have to be paid back if borrowers use at least 75% of the loan to retain employees and cover other specified expenses over an eight-week period. For more information on the PPP, please consult our detailed memo here, visit the SBA’s dedicated website here, and review the Interim Final Regulations, the most recent and detailed guidance published April 2, 2020, here.Read More