The newly released and expanded Paycheck Protection Program opened to new and certain existing borrowers last week, and the National Association of Home Builders wants to help applicants navigate their eligibility. This new round of PPP loans includes an additional $284 billion in funding for small businesses and includes several enhancements, says NAHB. The association seeks to answer questions from members and HBAs through its frequently asked questions list and a series of webinars, which are now available on-demand.
An updated list of FAQs about the loan programs is also now available. The deadline to apply for the new loan program is March 31, but if you are interested in applying, it is important to work with an SBA-approved lender as soon as possible.
For more information, contact Heather Voorman or Alex Strong.
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