We wanted to make sure you saw that the Department of the Treasury released new FAQs regarding the Paycheck Protection Program. The Department will continue to update these FAQs on their website here .
If you have applied for the EIDL program, please be assured that the SBA is working to process the influx of requests for these loans as quickly as possible. It is our understanding that disbursements of the EIDL advance will begin this week. Your patience is appreciated as the federal government works to ensure the disbursement of these funds is protected from fraud and error.
Additionally, our office has stood up two new resources for questions regarding other key components of the federal government response to COVID-19 and the CARES Act:
We have heard from many of you about the difficulties in applying for and accessing these loans. As Congress considers a fourth COVID-19 emergency aid package, please be assured we are communicating your feedback to the SBA and congressional leadership.
As always, please reach out with any questions.
The Office of U.S. Representative Chrissy Houlahan
Pennsylvania 6th Congressional District
Visit us at: https://houlahan.house.gov/services/small-businesses/