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The original item was published from 4/27/2020 12:22:16 PM to 7/2/2020 12:00:05 AM.

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Economic Development

Posted on: April 27, 2020

[ARCHIVED] Paycheck Protection Program (PPP) for Small Businesses: How to Take Advantage before Funds Run Out

In anticipation of the second round of funding for the Paycheck Protection Program going live on Monday, the Boston Fed has created a web page with resources for New England smaller businesses including nonprofits to aid them in applying to this program. These resources may be helpful to your organization; as well we strongly request that you forward this email to your networks that include smaller businesses/nonprofits as soon as possibleIt is anticipated that the second round of funding will run out quickly and that it is essential that applicants connect with a financial institution able to process their PPP loan immediately.

 The resource page includes:

-          An info sheet describing the program

-          Links to other resources including program information and loan applications in 19 languages

-          A list of technical assistance providers indicating they are able to help small businesses/nonprofits apply for the PPP

-          A list of financial institutions that are able to process PPP loans for non-customers

 You can visit the page here: https://www.bostonfed.org/in-the-region/covid-19-resources/paycheck-protection-program.aspx . The TA providers and FI lists will be updated as new organizations are identified, so please check back regularly in the coming days.

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