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PPP Application Deadline Extended

Keep your
business in business.

And your
employees employed.

What is the Paycheck
Protection Program (PPP)?

Indiana has access to millions and millions of new federal funds to help keep your business in business and your employees employed.

It’s called PPP, or Paycheck Protection Program. This is a federally funded program administered through the SBA (Small Business Administration). The program was created to assist small businesses that have been negatively affected by COVID-19. The funds are distributed through a forgivable loan.

If you use the money for payroll, rent, mortgage interest, or utilities, the SBA could forgive up to 100% of the loan.

If you are a small business owner and you missed the first-round funding deadline, there’s still time to apply before August 8, 2020.

Who is eligible for PPP?

Businesses and organizations affected by the Coronavirus (COVID-19) that meet the size requirement may be eligible for the Paycheck Protection Program. The standard size requirement for businesses is fewer than 500 employees, but there are some industry-specific exceptions to that standard that an SBA-approved lender can help you understand. 

PPP eligible businesses and organizations include:

Small Businesses

Accommodation and
Food Services Businesses

Non-Profit Organizations, Veteran
Organizations, and Tribal Businesses

Sole Proprietors, Independent
Contractors, and Self-Employed Persons

Small
Businesses

Accommodation and
Food Services Businesses

Non-Profit Organizations, Veteran
Organizations, and Tribal Businesses

Sole Proprietors, Independent
Contractors, and Self-Employed Persons

How do businesses apply for PPP?

The PPP program is being administered by approved SBA lenders.

If you wish to begin preparing your application, you can download a copy of the PPP borrower application form. On the form, you will see the information your lender will need when you apply. 

Businesses that need help in preparing their application or finding a lender can reach out to their local small business development center

August 8, 2020 application deadline.
Get started today.

Why is it important to apply for PPP if your business needs help?

Indiana is a state that works—and we want it to continue to work. PPP can help small business owners keep their businesses in business and their employees employed.

As you heard from Michael Andretti, “To finish first, you first have to finish.” And Andretti Autosports isn’t the only Indiana business to be positively impacted by the Paycheck Protection Program. Watch the videos below to hear directly from other Indiana small business owners who used PPP to help them stay afloat during this uncertain time while keeping their employees on the payroll.