CARES Act: Payroll Protection Program and Economic Injury Disaster Loan Update

Further information regarding the CARES Act Payroll Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) has become available. An overview and comparison of the programs can be found here.

-The Payroll Protection Program will be administered by certified lenders of the US Small Business Administration. To find a lender, please visit the US SBA website. Additioanlly, the US Treasury Department announced further guidelines for the program. Applications will open on Friday, April 3, 2020 and can be viewed here.

-The Economic Injury Disaster Loans will be administered directly by the US Small Business Administration. To view application guidelines and requirements, please click here. Applications are now open.

As always, the Connecticut Small Business Development Center is offering free, confidential, business advising and assistance during this time.

To view a running database of small business resources, please visit the Town of Plainville website and the State of Connecticut Business Resource page.