WASHINGTON DC - The U.S. Small Business Administration released a simplified loan forgiveness application Thursday for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to the more than 100,000 small businesses here in Michigan that have received PPP loans to date.
LANSING – Seventy-seven percent of small businesses have successfully submitted an application for the Paycheck Protection Program and the Economic Injury Disaster Loan programs, a recent survey reports. Key Findings of today’s survey include: The majority of small businesses have applied for a PPP loan. About 84 percent of applications were submitted before April 17,
LANSING - The $349 billion in federal loans allocated for small businesses are now available. For those of you who have not yet looked into these loans, here's what to do: 1. Be prepared. Visit SBAM's website for the latest guidelines, FAQs and the application. 2. Read the final guidance from the SBA. 3. Call
