The relief bill that passed on Friday contained real help for small businesses and now is the time to apply.
The section of most immediate interest to all of us is the Paycheck Protection Program. Under this program money to help you cover payroll and additional expenses is available as a forgivable loan and applications are opening now, with funding expected to happen very quickly upon approval. Applications can be submitted at any institution that is approved by the SBA. Red Hen has partnered with PNC Bank to expedite applications and we would like to help you through the application process.
More details are HERE.
The short story, though, is that most small businesses are eligible and we can help you pull together the paperwork. The program is projected to be more accessible and more flexible than the SBA disaster loans, and applying for this one still allows you to apply for the other.
Please email Cora, cora@redhenbusiness.com, if you’d like to pursue this. If we don’t hear from you but we think you’re a good candidate we’ll be reaching out. This appears to be real, meaningful assistance.