Business & Real Estate

New opportunity for small businesses to apply for PPP loans

Small businesses in Los Altos have through March 10 to apply for additional Paycheck Protection Program (PPP) loans, U.S. Rep. Anna Eshoo’s office and the Los Altos Chamber of Commerce have announced. The new, limited application period applies to businesses of 20 employees or fewer.

“This is a unique offering in conjunction with the revised allocation formula for sole proprietors and other revisions related to student loan debt, citizenship, and prior felonies,” noted Kim Mosley, Chamber president. “If you have a small business or sole-proprietorship, you should contact the Small Business Administration to learn more and find a lender.”

Eshoo said the PPP applications “will only be approved from our smallest businesses, the backbone of our economy.”

To apply and for more information, visit https://www.sba.gov/funding-programs/loans/coronavirus-reliefoptions/paycheck-protection-program.

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