Paycheck Protection Program
April 1, 2020
The Federal government has allocated over $350 billion to help small businesses keep workers employed during and after the COVID-19 pandemic through the Coronavirus Aid, Relief and Economic Security (CARES) Act. The initiative is known as the Paycheck Protection Program.
Small businesses, 501(c)(3) non-profits, sole proprietors, independent contractors, self-employed individuals, Tribal business concerns and 501(c)(19) Veterans organizations that meet the SBA criteria for eligibility may qualify for the Paycheck Protection Program through approved community lenders like RSI Bank.
Looking for information on PPP Round 2? Please click here