Paycheck Protection Program info

The application period is now open for the Paycheck Protection Program authorized by the CARES Act. Small businesses, including farms and ranches are eligible for loans equal to 2.5 times the average monthly cost of payroll including benefits. The program does not apply to payroll for H2-A workers. The loans are for up to two years at an interest rate of 1%. However, upon proof that the monies were used for the intended purpose and employees were not terminated, the loan can be 100% forgiven. Applications are submitted to your local bank or other SBA authorized financial institution. Complete information and application forms are available at:
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp

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