The application processed was slated to open today for the Paycheck Protection Program (PPP) established in the federal Coronavirus relief packages.

SBA issued an interim final rule with additional guidelines: https://content.sba.gov/sites/default/files/2020-04/PPP--IFRN%20FINAL.pdf

Read what the Journal of Accountancy shared about these new guidelines

Please note that some banks were delayed in opening the program today: https://www.forbes.com/sites/brianthompson1/2020/04/03/no-small-business-relief-yet-false-start-on-paycheck-protection-program-loans/#3069574934c4

For resources on navigating the COVID-19 outbreak, visit our blog or visit www.alcc.com/covid.