TOWNSHIP OF NUTLEY URGENT NOTICE
ATTENTION SMALL BUSINESS OWNERS WITH UNDER 20 EMPLOYEES
COMMISSIONER EVANS ANNOUNCES THAT THE UNITED STATES SMALL BUSINESS ADMINISTRATION TO OFFER PAYCHECK PROTECTION PROGRAM LOANS THROUGH MARCH 9, 2021
On Monday, February 22, President Biden announced the following changes to SBA's coronavirus relief programs to ensure equity:
Specifically, on Wednesday, February 24, 2021 at 9 am ET, SBA will establish a 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees. This will give lenders and community partners more time to work with the smallest businesses to submit their applications, while also ensuring that larger PPP-eligible businesses will still have plenty of time to apply for and receive support before the program expires on March 31, 2021.
In order to reach the smallest businesses, SBA will offer Paycheck Protection Program loans to businesses with fewer than 20 employees and sole proprietors only from Wednesday, February 24 through Tuesday, March 9, 2021.
Please access the following link to the site which will provide the latest details and application: Coronavirus (COVID-19): Small Business Guidance & Loan Resources