How to Apply for the Paycheck Protection Program’s Small Business Loans

Passed on March 27, 2020, The Coronavirus Aid, Relief, and Economic Security (CARES) Act has allotted $350 billion in emergency loans to support small businesses impacted by COVID-19 through the Paycheck Protection Program. The new initiative will offer federally guaranteed loans at a low interest rate, much of which can also be forgivable.

If you’re a small business owner, this program can be an important resource to help you manage your payroll and retain your employees during the coronavirus (COVID-19).

Here at Honeycomb, we’ve been working hard to gather information about the program details and how small businesses in our community can apply for these loans.

Since the program is newly announced, we will be updating this blog post as more information comes in.