Paycheck Protection Program

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(The following is a message from the Redwood City – San Mateo County Chamber of Commerce)

Assistance For Small Businesses

CARES Act Resources
Paycheck Protection Program – PPP

One of the most important and impactful elements of the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act package is the Payroll Protection Program (PPP).

The Payroll Protection Program is the Small Business Administration’s $349 billion lending program under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The new Paycheck Protection Program expands the SBA’s 7(a) loan program to help small businesses cover their near-term operating expenses and retain employees.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

Please see below for links to important program details and an application:

PPP – Assistance for Small Businesses