startupnation business beat

WJR Business Beat with Jeff Sloan: SBA Paycheck Protection Program (Episode 25)

Today, the federal government opens the application period for the Paycheck Protection Program, an SBA 7(a) loan that helps businesses keep their workforce employed during the COVID-19 crisis.

On this morning’s WJR Business Beat, Jeff encourages struggling small business owners to apply, as the funding is on a first come, first served basis.

Small businesses with fewer than 500 employees that have been directly impacted by the coronavirus crisis may apply for this funding, at a one percent interest rate with no payments due for the first six months.

Listen below for more from Jeff:

For more information and application materials, visit sba.gov.


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Tune in to News/Talk 760 AM WJR weekday mornings at 7:11 a.m. for the WJR Business Beat. Listeners outside of the Detroit area can listen live HERE.

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