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Payroll Protection Program applications now available
Friday, April 3, 2020
Monday, May 1, 2023
The Paycheck Protection Program authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone.
The loan amounts will be forgiven as long as:
- The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the eight-week period after the loan is made; and
- Employee and compensation levels are maintained.
Latest Posts
APRIL CONDITION BOOK TO SEE CHANGES
The MTHA Purse Committee, with subsequent approval from the Board of Directors, has approved several changes to the Laurel Park condition book that will take effect beginning with the April 2026 condition book.
