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CARES Act & Payroll Protection

CARES Act & PPP

Under the Paycheck Protection Program (PPP), loans may be forgiven if borrowers use the funds to maintain their payrolls and pay other specified expenses. Click here to download this step-by-step guide to calculate your loan forgiveness amount, navigate record-keeping requirements, and determine repayment terms on amounts not forgiven. We hope you will share this new guide with your members.

 
Click here to read the U.S. Chamber of Commerce Guide
 
 
 
Here is the video of Wednesday's webinar from Adam & Reese on the Paycheck Protection Program.
 
 
Click here for a list of Chamber SWLA member banks and credit unions.
 
 
 
 
There is another SBA Disaster Loan Program called EDIL. Under EDIL you may be eligible for a one -time $10,000 grant. However, you cannot do both and have the $10,000 forgiven. The U.S. Treasury Department is still finalizing exact details so stay tuned. 
There is another SBA Disaster Loan Program called EDIL. Under EDIL you may be eligible for a one -time $10,000 grant. However, you cannot do both and have the $10,000 forgiven. The U.S. Treasury Department is still finalizing exact details so stay tuned. 

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