The Small Business Administration just released new details of its Paycheck Protection Program—including which businesses (including urgent care centers) will be identified publicly by name; the status of “loan forgiveness” considerations; and extension of the PPP through August 8.
- The SBA released the names of businesses that borrowed more than $150,000 through the PPP. Businesses that borrowed less remain anonymous.
- The SBA has not started accepting applications for loan forgiveness yet. Banks that are facilitating PPP loans are supposed to pass updates along when they’re available. In the meantime, borrowers are asked not to file forgiveness applications.
- Effective July 4, small businesses can apply for PPP loans through August 8 (as opposed to the original end-date of July 30).