Small Business Paycheck Protection Program

SBA will be re-opening the PPP on Monday the 27th @ 10:30am

Watch the pre-recorded webinar to learn about the uses and forgiveness with PPP.  

Here is all the new information that came out yesterday:

SBA/Treasury Releases Additional PPP Guidance - How to Calculate Maximum Loan Amounts - by Business Type

SBA releases Procedural Notice on Participation Sales of PPP Loans

 SBA/Treasury publishes 4 new FAQ

Housing stipends; principal residence in US; Ag producer, farmer, rancher eligibility 

SBA releases new Interim Final Rule:

Business Loan Program Temporary Changes; Paycheck Protection Program Requirements – Promissory Notes, Authorizations, Affiliation, and Eligibility

Protect Ohioans and Open Things Back Up

Tuesday, April 28


  • Testing -May increased capacity for Testing
  • Tracing and testing go together

CONTRACT TRACING WORKFORCE: Health departments have done tracing for years – but not on this scale


  • Retail is opening, 10 people gathering limitation is still in place

May 1, 2020

  • All operations / procedures that do not require an overnight stay are ALLOWED
    Dental Offices may reopen
    Veterinary Office may reopen

May 4, 2020

  • Manufacturing, distribution and construction may re-open, following guidelines

May 12, 2020

  • Consumer Retail and Services may re-open, following guidelines

Guiding Principles

  • Protect the health of employees, customers and their families
  • Support community efforts to control the spread of the virus
  • Lead in responsibility getting Ohio back to work


  1. Require facial coverings for employees and clients/customers at all times. No mask, no work, no service, no exception
  2. Conduct daily health assessments by employers and employees (self-evaluation) to determine if “fit for duty.”
  3. Maintain good hygiene at all times – hand washing and social distancing.
  4. Clean and Sanitize  workplaces throughout workday and at the close of business or between shifts.
  5. Limit capacity to meet social distancing guidelines
    • Establish maximum capacity at 50% of fire code
    • And, use appointment setting where possible to limit congestion

Find industry-specific required criteria at Coronavirus.Ohio.Gov/ ResponsibleRestartOhio

Immediately report – employee or customer infections to local health department

The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.

Fully Forgiven

Funds are provided in the form of loans that will be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.

Must Keep Employees on the Payroll—or Rehire Quickly

Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.

All Small Businesses Eligible

Small businesses with 500 or fewer employees—including nonprofits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships, and independent contractors—are eligible. Businesses with more than 500 employees are eligible in certain industries.

When to Apply

Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. We encourage you to apply as quickly as you can because there is a funding cap.

How to Apply

You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating. All loans will have the same terms regardless of lender or borrower. A list of participating lenders as well as additional information and full terms can be found on the SBA website.

The Paycheck Protection Program is implemented by the Small Business Administration with support from the Department of the Treasury. Lenders should also visit or for more information.