The COVID-19 pandemic has dramatically impacted small businesses throughout the U.S. Fortunately, federal and state policymakers have responded by creating The Paycheck Protection Program (PPP) implemented by the Small Business Administration (SBA) to provide relief. This program is specifically designed to help small businesses maintain payroll and benefits for employees and cover overhead costs like rent, utilities, and mortgage interest.
Small businesses with fewer than 500 employees (subject to certain limited exceptions); independent contractors; and sole proprietors in business on February 15, 2020, can qualify.
The DC Chamber of Commerce (DCCC) has partnered with the Office of the Deputy Mayor for Planning and Economic Development (DMPED) to educate, connect, and provide technical assistance to support the small business community who are in pursuit of a PPP loan. DCCC will provide training sessions, and support businesses in need with bookkeeping and accounting services to aid in the economic recovery, and ensure that local businesses remain viable during this recession.
This resource is designed to help you understand the program and walk you through the steps you need to take to apply for this loan – and what you need to do to get the loan forgiven, so you don’t have to pay it back!
DCCC will connect small businesses with our partners in the accounting, CPA, and financial industries that are standing by ready to help.