The U.S. Chamber of Commerce has supported small businesses through the pandemic with resources and guidance and one of its goals is to connect business owners to available federal aid, including the Payroll Protection Program.
One online lender and business platform has already received approval for 115,000 Payroll Protection Program applications, which totaled $3.6 billion.
As lawmakers consider reforms for the program, Intuit-Quickbooks says that their customers are concerned about loan forgiveness. The National Association for the Self-Employed says that some business owners are still waiting for funding, after applying, but millions more simply have not attempted the process, due to uncertainty.
“If you are out there, a small business owner, and you had your business on February 15, you qualify,” Keith Hall with the association said. “It would be extremely rare if you don’t.” Applications are processed in order, so it is smart to atlas start the process, even if you still have questions.”
Small businesses can apply online by clicking HERE or by visiting your banking institution.
For more information from the U.S. Chamber of Commerce on the PPP and reopening businesses, click HERE.