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Small Businesses Can Apply for Forgivable Loans Today

April 3rd, 2020 by WCBC Radio

The Small Business Administration will begin accepting applications for the Payroll Protection Program today in response to the economic freefall due to the Coronavirus pandemic. Businesses can apply for forgivable loans through their local banks, which will be backed up and covered by the SBA as long as they are used for payroll expenses, rent or mortgages, utilities, and other basic costs for business. 

Allegany Business Consulting’s Joe Mullanex was a guest on the Dave Norman Program this morning and explained the process.

 

2 Responses to “Small Businesses Can Apply for Forgivable Loans Today”

  1. April 03, 2020 at 11:47 am, Joe Wellberg said:

    But the total closure crowd won’t be happy till everything closes. The total closure crowd can go to hell.

    Reply

  2. April 03, 2020 at 11:51 am, jim said:

    So you take a loan, which puts you further into debt, to extend the life of your business that nobody can go to anyway?

    Reply

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