Section 1102 of The CARES Act, entitled Paycheck Protection Program (PPP) allocated $349 billion to provide 100% federally guaranteed loans to small businesses to assist in keeping workers employed.
Over the past few weeks, hundreds of thousands of applications for loans under the PPP were submitted to banks nationwide, and likely many more will be submitted if the Program continues to be further funded by the U.S. Government.
Up to this point, small businesses were focused on completing their application and receiving confirmation that their loan was Small Business Administration (SBA) approved. With that approval, banks have begun this week to process the approved loan documents with their respective clients and actual loan funding has commenced.
Webinar Recap: Seubert Surety Chat
Get highlights from our Seubert Surety Chat webinar and see how your business can stay
Mental Health Awareness Month
May, designated as Mental Health Awareness Month, highlights the importance of promoting mental well-being and
Navigating Insurance Challenges in the Modular Construction Industry
Discover modular construction insights: benefits, demand, insurance challenges, and tailored risk management strategies.