ABC New Hampshire & Vermont News

Federal Paycheck Protection Program is now Active

A message from Joshua Reap, President & CEO ABC NH/VT Chapter

ABC Members,
I wanted to pass along the attached final interim rule on the Paycheck Protection Program (PPP) just released by SBA and made available online. This document offers additional guidance on the loan program which rolls out TODAY.
ABC encourages eligible businesses to submit their application to approved lenders immediately.
It is our hope that approved lenders will be able to get these loans out quickly to eligible businesses and below is some updated information we previously sent out in federal updates, and please feel free to reach out with any questions.
NOTE: we have received a number of questions about union neutrality for businesses accepting SBA loans. The PPP loan program DOES NOT contain this requirement – please see below for additional information.

Paycheck Protection Program and Tax Provisions for Small Businesses – What You Need to Know:

Paycheck Protection Program Overview:  
PPP Eligibility:  
PPP Loans:  
Loan Forgiveness:   
Union Neutrality:

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