U.S. Treasury Dept Publishes Paycheck Protection Program (PPP) Application Form and Related Guidance
The application forms for the $350 billion small business relief program have been published by the U.S. Treasury department. SBA Form 2483 is available online here. Late this afternoon, the SBA also published some guidance regarding the terms of the PPP program. Applications will start April 3, 2020 for small businesses and sole proprietorships that apply to existing SBA 7(a) Lenders.
We continue to see intense interest in this topic, particularly as the guidance evolves and becomes more concrete. We are closely monitoring new developments as captured in our first three client alerts, which were distributed on March 23, March 26 and March 28. You can listen to today’s briefing call here (no password needed) and you can also listen to the recording of our first briefing call here. (Password for viewing this recording: Briefing1).
Stay tuned for additional programming announcements in the coming days with guest speakers. In the meantime, as developments continue with rapid speed we encourage you to contact John Cleary or another member of the team with your inquiries. They would be happy to set up a one-on-one 15 minute briefing call to discuss your situation, using their contact information below.
We are also well-positioned to assist with your needs in key global markets.