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Recent posts by Jessica Campos

Small businesses: PPP funds are exhausted, now what?

As of Thursday, April 16, the U.S. Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) had reached the maximum loan limit authorized by Congress, just 14 days after small businesses were first able to apply.

The program was created as part of the CARES Act, signed into law on March 27, 2020, which included $377 billion in relief to small businesses, with $350 billion of that allocated to the PPP.

Congress is debating a proposal to add $250 billion to the program. Action could come as soon as next week.

COVID-19 Small Business Emergency Loans

Changes and updates have been occurring on a daily basis as we try to cope through this COVID-19 epidemic. Our small business owners are struggling in Nebraska and nationwide. In addressing questions and concerns, there is some confusion between the Payroll Protection Program and Economic Injury Disaster Loan Program. Here are some questions you may be asking, facts, and what you need to know when you consider applying for these Small Business Administration (SBA) Disaster Assistance Loans.

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