Oak Park-River Forest Chamber of Commerce issued the following announcement on Mar. 27.
The PPP application deadline has been extended to May 31, 2021.
This means that there is still time to apply!
If you have never applied for a PPP forgivable loan - now is the time to do it. New rules have made it easier for sole proprietors and nonprofits to apply.
If you already have a PPP loan, you can apply a second time. You just have to have used up the first loan before the time of application and have shown a loss in one quarter of 2020 of more than 25% revenue over the same quarter in 2019.
Contact the Chamber if you need help finding a lender who will work with you.
Need more info? Check out the SBA website: https://www.sba.gov/.../covid.../paycheck-protection-program
Original source can be found here.
Source: Oak Park-River Forest Chamber of Commerce
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