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

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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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