The U.S. Department of Treasury and U.S. Small Business Administration applications for the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) are OPEN again! Small business owners can visit the SBA website for more information on what programs may be best for your business.
Who is eligible for PPP? Small businesses with fewer than 500 employees, non-profits, sole proprietors, self-employed, independent contractors, and gig economy workers. The PPP is a forgivable loan, if an employer maintains its payroll, then the portion of the PPP loan used for covered payroll costs, interest on mortgage obligations, rent, and utilities would be forgiven.
My office is collecting stories from small businesses in West Virginia that have received/benefited from the Paycheck Protection Program. If you are interested in sharing your story, click here!
For more information on PPP, click here.
For more information on EIDL, click here.
To share your story of PPP, click here.