DAY 31, Apr. 16 - Applying for the Paycheck Protection Program
Today our bank finally alerted us that we can now apply for the Payroll Protection Program (PPP) for small businesses. This highly competitive program started taking applications on April 3 — but with millions of others also applying, we were in queue for eleven days.
Now that we finally got to the front of the line and submitted an application, we also read in the News that the $349 billion the government has set aside has dried up. This program was targeted to cover eight weeks of payroll, rent, and utilities. Hopefully our application made it in time.
Sigh... To other U.S. business owners out there who applied for the PPP, can you share your experience with us by emailing [email protected]?