Under the Paycheck Protection Program (PPP) loans may be forgiven if borrowers use the proceeds to maintain their payrolls and pay other specified expenses. The Treasury Department and Small Business Administration recently released an eleven-page borrower application form and instructions for loan forgiveness. People have a lot of questions.
NDC is a partner in a new program that will target small businesses in New York State focusing on WMBEs, non-profits, and small landlords that did not receive Federal COVID-19 assistance.
The National Development Council Raises $100 Million for Phase 2 of Paycheck Protection Program (PPP)May 11, 2020
Funds are still available for small businesses with priority in low- and moderate-income census tracts New York, NY (May 11, 2020)—For Phase 2 of the Paycheck Protection Program, the National Development Council (NDC) raised $100M and has so far connected small businesses with more than $42M in funded PPP Loans. More than half of the […]