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Funds are Still Available – PPP Flexibility Act

The Small Business Administration‘s website has indicated that there is still a considerable amount of money that is available for first time PPP applicants. But the clock is ticking.

Deadline is 6/30/2020. That does not mean that you should apply by the end of the month. It typically takes at least a few days for lenders to process the application.

Some businesses chose not to apply for the Paycheck Protection Program because of the strict requirements, but it’s now much easier to qualify for forgiveness. Perhaps the new flexibility will make the PPP a better fit and encourage your business to apply.

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