The Paycheck Protection Program application is now available for small businesses and not-for-profits that wish to apply for benefits under the Small Business Administration’s new disaster assistance loan program.
The Paycheck Protection program, launched as part of last week’s Coronavirus Aid, Relief and Economic Security (CARES) Act, offers smaller employers financial relief which, when used for employee salaries, sick and medical leave, insurance, and mortgage and rent, will not need to be repaid.
Eligible employers include 501(c)(3) and 501(c)(19) not-for-profit organizations and businesses with less than 500 employees, sole proprietors and self-employed professionals.
We will continue to provide updates as they become available. WCS is here to help you navigate through this time of uncertainty. Please do not hesitate to call our offices and speak to your representative about how this could affect your situation and how WCS can help you during this unprecedented and challenging time.