The newly enacted Paycheck Protection Program (Small Business Loan Program) will officially go live today.  A new application was posted online last night. Note, a few lenders will be ready to go today, but most next week.

ATA has been told to advise members to go to their own bank and those banks that are already lenders will likely be ready faster, but all FDIC institutions will be brought on board in the coming days.

If you are interested in applying for such a loan, do not be surprised if the process is a bit chaotic. Presumably your best bet is to apply as early as possible. 

Click here to read the article "Banks Warn of Chaotic Launch of Small Business Lending Program"

Click here to read Paycheck Protection Program - Interim Final Rule