Guide to Small Business COVID-19 Emergency Loans
The U.S. Chamber of Commerce shared its new Guide to Small Business COVID-19 Emergency Loans today to provide employers with the latest information and answers to FAQs about the changes that have been made to the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loans (EIDL) Program as part of the end-of-year pandemic relief package Congress has passed.
The guide will be updated as more information becomes available. It currently includes answers to the following questions:
The Maine State Chamber encourages you to read the guide carefully and determine your best course of action as we continue to navigate the pandemic's economic impact. We will continue to provide information and resources as they become available.
Paycheck Protection Program Forgiveness Applications
One Program, Two Forgiveness Application Forms
Maine SBDC has created walk-through videos to help small businesses understand the Paycheck Protection Program Forgiveness Applications. This is a three-part series that first helps business owners identify which application form they should be filling out. The additional two videos walk businesses through each of the applications: 3508EZ Short Form and 3808 Long Form.