As of this morning (4/16/20), the SBA has run out of money to fund the PPP. The Small Business Administration said on its website that the agency “is unable to accept new applications for the Paycheck Protection Program based on available appropriations funding.” Although there are measures in place which should provide more funding in the near future, it is not yet clear when these funds may be available or how much will be approved.
We are following this matter closely, and will keep you apprised of any new developments.
To read a detailed article from Forbes, click here.
We are following this matter closely, and will keep you apprised of any new developments.
To read a detailed article from Forbes, click here.
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