SBA Information

u s small business administration

PPP Application Processing To Resume Monday, April 27th, Join Us to Get Your Questions Answered Ahead of Time

The U.S. Small Business Administration (SBA) will resume accepting Paycheck Protection Program (PPP) loan applications on Monday, April 27 at 10:30 AM EDT from approved lenders on behalf of any eligible borrower.  This will ensure that SBA has properly coded the system to account for changes made by the legislation.

The SBA New Hampshire District Office is hosting a webinar to discuss the various programs available to assist small businesses with COVID-19 recovery.  There will be a brief overview of the various programs available, and then plenty of time for Q&A.

Monday  4/27/20 at 9:00am

Join

Note: Limited funding will again be available through the SBA.

It is imperative that you act immediately to submit an application if this program will benefit your small business or organization.

Counseling and training is also available virtually through our network of resource partners.


Press Release on the Resumption of the PPP

Joint Statement by SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin on the Resumption of the Paycheck Protection Program 

WASHINGTON – Administrator of the U.S. Small Business Administration Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today on the resumption of the Payroll Protection Program (PPP):

“We are pleased that President Trump has signed into law the Paycheck Protection Program and Health Care Enhancement Act, which provides critical additional funding for American workers and small businesses affected by the coronavirus pandemic.  We want to thank Leader McConnell, Leader Schumer, Speaker Pelosi, and Leader McCarthy for working with us on a bipartisan basis to ensure that the Paycheck Protection Program is funded so that small businesses can keep hardworking Americans on the payroll.

The Small Business Administration will resume accepting PPP loan applications on Monday, April 27 at 10:30AM EDT from approved lenders on behalf of any eligible borrower.  This will ensure that SBA has properly coded the system to account for changes made by the legislation.

“The PPP has supported more than 1.66 million small businesses and protected over 30 million jobs for hardworking Americans.  With the additional funds appropriated by Congress, tens of millions of additional workers will benefit from this critical relief.

“We encourage all approved lenders to process loan applications previously submitted by eligible borrowers and disburse funds expeditiously.  All eligible borrowers who need these funds should work with an approved lender to apply.  Borrowers should carefully review PPP regulations and guidance and the certifications required to obtain a loan.

“The Trump Administration is fully committed to ensuring that America’s workers and small businesses continue to get the resources they need to get through this challenging time.”

For more information on the Paycheck Protection Program, visit: sba.gov/paycheckprotection.


Applying for the PPP

Applications need to be  submitted through a lender. See a list of New Hampshire Participating Lenders here or try the lenders below.

If you do not have an existing relationship with a lender try:

PayPal: https://www.loanbuilder.com/ppp-loan-application

Intuit: https://aidassist.intuit.com/app/home#/home

QuickBooks Capital: https://quickbooks.intuit.com/small-business/coronavirus/paycheck-protection-program/

Square Capital: https://squareup.com/us/en/l/sba-ppp-loans

Kabbage: https://www.kabbage.com/paycheck-protection-program-loans/

Veem: https://www.veem.com/

Biz2Credit: https://www.biz2credit.com/

There is also additional guidance on how to calculate loan amounts.

To learn more about the Paycheck Protection Program or to download an application please visit here 


FAQ for Lenders and Borrowers


Save the Date- UPCOMING Virtual Events


Small Business Webinar Series


April 27, 4/30, 5/4, 5/7 @ 10am
PPP Application Assistance (& payroll/loan calculation):
This webinar is geared towards employers who are trying to apply for the PPP, given this new round of funding. Register Here

April 27, 4/30, 5/4, 5/7 @ 10am:
Assistance for the Self-employed: Do you file a Schedule C?:
This webinar is for sole proprietors/single-member LLCs/self-employed. If you have questions about which relief programs would help you the most, this discussion should clarify your options. Register Here

April 29th, 5/6 @ 10am: Generating Cash Flow, Using best practices and relief programs to your advantage:
This is a discussion of ways to increase your business’ flow of cash with current relief programs, cash flow management, marketing, etc. to help combat the effects of COVID-19 on your business. Register Here


Resource Partners Assistance

Free assistance with reconstructing financial records, preparing financial statements and submitting the loan application is available from any of SBA’s partners:

Small Business Development Centers –NH SBDC
SCORE
Center for Women and Enterprise –CWE
Veteran’s Business Outreach Centers
or for more information

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