Information for affected small businesses

Since my last information regarding the Payroll Protection Act, the federal government has made some changes to the program.

Below is the latest about the Paycheck Protection Program (PPP). The biggest change since our last email about the program was an interest rate change of 0.5% to 1.0%.

COVID-19 ECONOMIC INJURY DISASTER LOAN APPLICATION

Inc.com has a good article with a few of the biggest changes listed: https://www.inc.com/brit-morse/paycheck-protection-program-temporary-changes-cares-act-small-business-loans.html

Here is the 31 page document from the SBA of all the latest changes: https://content.sba.gov/sites/default/files/2020-04/PPP–IFRN%20FINAL.pdf

U.S. Department of the Treasury PPP Borrowers Information Sheet: https://home.treasury.gov/system/files/136/PPP–Fact-Sheet.pdf

Small Business Administration PPP Information Sheet : https://www.sba.com/funding-a-business/government-small-business-loans/ppp/

About Rep. Steven Smith

Steven Smith is a member of the New Hampshire House of Representatives, serving his 7th term. Rep. Smith currently represents Charlestown, Newport, and Unity. Rep. Smith is the Deputy Speaker of the NH House.

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1 Response to Information for affected small businesses

Peter Plunkett says:

April 7, 2020 at 11:46 pm

Just wanted to point out that the last link doesn’t go to the SBA’s website, which would be SBA.GOV, it goes to privately owned business that owns the domain name SBA.COM. It is a lender, not the real government agency.