The US Treasury has just released the Paycheck Protection Program Application and official guidelines for both borrowers and lenders

What is this program?
The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. 

The applications will go live this Friday, April 3.
 
See the links below for key information:

Overview

Information Sheet For Borrowers

Information Sheet For Lenders

Application
*Note that you must go through a SBA lender for the application. The Quad Cities Chamber will post participating lender information on their blog later today.

What else should be on your radar...

CARES Act Funding Information for Nonprofits

The U.S. Chamber of Commerce Foundation President Carolyn Cawley and U.S. Chamber of Commerce Chief Policy Officer Neil Bradley held a briefing discuss how the CARES Act impacts nonprofits, what to expect in the implementation phase, and how it can help nonprofits during the coronavirus crisis. View the slide deck here and watch the full presentation.

Paid Sick Leave and Expanded Family & Medical Leave under the "Response Act" takes effect TODAY, April 1.

ICYMI: The Quad Cities Chamber hosted a webinar with attorneys Matt Pappas and Allison Wright of Pappas Wright, P.C. about the U.S. Department of Labor’s guidance on paid sick leave and expanded family & medical leave under the "Response Act." Watch it here.

As a reminder, the Quad Cities Chamber blog is updated frequently throughout the day with resources as they roll out. If you are looking for more information head here: https://quadcitieschamber.com/news/blog/covid-19 

And as always, feel free to reach out to us if you have any questions or need further assistance. We are here to help you and your employees pull through this!