The recently passed Coronavirus Aid, Relief and Economic Security (CARES) Act contains numerous provisions impacting small businesses, including the Paycheck Protection Program (PPP).
InsurBanc stands ready to support independent insurance agencies and their clients through the PPP. They are recognized as a preferred lender by the Small Business Administration (SBA), the highest bank designation awarded to top-tier SBA lenders.
InsurBanc CEO Dave Tralka has recorded a webinar with helpful information regarding the PPP. View the webinar recording on demand.
Those who plan to use the program must stay up-to-speed in the fluctuating situation. The Treasury Department recently posted helpful information including a brief overview of the PPP, a fact sheet for borrowers, and the loan application form. Additional information on the program can be found at the Small Business Administration (SBA).
AnneMarie McPherson is IA news editor.