SBA Paycheck Protection Program

The recently enacted Coronavirus Aid, Relief & Economic Security Act allocated $350 billion to help keep workers employed and on payrolls during the COVID-19 pandemic. Known as the Paycheck Protection Program, the Act provides 100% federally guaranteed loans to small businesses to keep workers on their payroll.

Importantly, these loans may be 100% forgiven if small businesses have met the criteria of keeping their workers on payroll and employed during the COVID-19 pandemic. If all employees are kept on payroll for eight weeks, the Small Business Administration will forgive the portion of the loans used for payroll, rent, mortgage interest & utilities.

Small businesses are eligible for these loans if they were harmed by COVID-19 from February 15, 2020 and June 30, 2020. The program is retroactive to February 15, in order to bring workers who may have been laid off back onto payrolls.

For the US Chamber of Commerce's Guide to Coronavirus Emergency Loans: Small Business Guide and Checklist, visit the link below:

US Chamber of Commerce Small Business Loan Guide

For SBA information on the Paycheck Protection Program,

visit the link below:

SBA Paycheck Protection Program

The Napa County Farm Bureau continues to monitor the COVID-19 situation and remains available for members who require our assistance. Please contact the office with any questions or concerns. We will continue to ensure that your families and businesses are well-represented during this difficult time.

Johnnie White
President

Ryan P. Klobas, JD
Chief Executive Officer