Treasury Department Posts Application and Paycheck Protection Loan Information
Dear Clients and Friends, The U.S Treasury Department has released information on the Paycheck Protection Loan Program including the application. Please refer to the attached link - https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses - for the application and information on the program. The Treasury department has finalized the program and made the maturity of the unforgiven portion of the loan two years, with an interest rate of .5%. Although the banks are not accepting applications yet, this will give you a head start on the process. Please contact us if you need assistance with completing the application and compiling the information required to support the application.
As always, we thank you for giving us the opportunity to work with you.
Your Accountantand the Team at KFP