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Beginning today, small business owners (small businesses are defined as having less than 500 employees) can apply for a loan through the Paycheck Protection Program. I strongly encourage all our AL #SmallBiz owners to act quick! DETAILS:https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp …
If the money is used to keep paying your employees during these difficult times, the loan will be fully forgiven so it is actually more like a grant. We designed this program to help keep our #SmallBiz afloat because we know they are the lifeblood of the American economy.
In addition to traditional small businesses, the program is available to sole proprietorships, independent contractors and self-employed persons, and most private non-profit organizations. Act now to ensure you are able to benefit from this program!
Is Commonwealth National the only local bank servicing these loans?
No, other banks are servicing the loans also.
If the funds are used for payroll, rent, etc., the loan will be fully forgiven so it acts more as a grant than a loan.
Where can I take my application. My bank (BB&T) is confused and overwhelmed. My email is FairhopeGallerybytheBay@gmail.com.
Better have a talk with Bank of America about this. I guess they didn't get the memo. Just closed my CC account with them. Apple Card, here I come!
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