Small Business Paycheck Protection Program

By NYC Hospitality Alliance

Starting this Friday, April 3rd, qualified businesses impacted by COVID-19 can apply for the Small Business Act Loan to cover payroll and other expenses. The application, and related guidance for lenders and banks, is now live. 

Information for the U.S. Department of Treasury

Small Business Paycheck Protection 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.

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Interim Final Rule

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