News Flash Home
The original item was published from 4/27/2020 12:43:23 PM to 4/28/2022 12:00:01 AM.

News Flash

Economic Development Announcements

Posted on: April 27, 2020

[ARCHIVED] Paycheck Protection Program Resumed

The SBA resumed accepting Paycheck Protection Program applications from participating lenders on Monday, April 27.

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program. 

Find an eligible Paycheck Protection Program lender

Additional Info...
Facebook Twitter Email

Other News in Economic Development Announcements

Gubernatorial Inauguration on January 18

Posted on: December 30, 2022
Holiday Open House

City of Annapolis Holiday Open House

Posted on: November 28, 2022

Be a Part of Annapolis Restaurant Week

Posted on: February 9, 2022