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$130 Billion still available in Payroll Protection Program

Just heard this on the weekly Friday VBA Covid-19 info call, and confirmed it courtesy of the Washington Post: the federal Payroll Protection Program still has $130 billion unallocated, and the application deadline is extended to August 8. If any of the for-profits or nonprofits you work with have not yet applied for this essentially pre-forgiven loan, in which loans under $2 million will not be audited, now is the time to apply!

https://www.washingtonpost.com/health/qanda-the-nuts-and-bolts-of-the-paycheck-protection-program/2020/07/06/7a354ef8-bfa3-11ea-8908-68a2b9eae9e0_story.html


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