If you haven't already done so, the deadline to apply for a PPP Loan is June 30th. President Donald Trump signed the PPP Flexibility Act on June 5, 2020 which just made the PPP program friendlier and more flexible.
How does the Flexibility Act help?
- It's easier to qualify for forgiveness
- Covered time period is extended
- The payroll cost percentage is lowered
- Repayment period is lengthened
For more information, check with your lender or the Small Business Administration.
View more COVID-19 Business Resources on the MB Chamber's page!