Blunt: Missouri small businesses able to apply for Paycheck Protection Program

(From Sen. Roy Blunt, R-MO)

As of this week, Missouri small businesses are once again able to apply for the Paycheck Protection Program.

The first round of funding for this vital program passed the Senate unanimously as part of the Coronavirus Aid, Relief, and Economic Security Act. 

The Paycheck Protection Program provides up to eight weeks of cash-flow assistance through 100% federally guaranteed loans to small business employers to help maintain their payroll during this public health crisis.

In the first few weeks of this program, 15 million jobs and counting were saved across the country – and it soon became clear that additional resources would be needed to help more small businesses and the millions of Americans they employ.

Last week, Congress passed the Paycheck Protection Program and Health Care Enhancement Act. This latest coronavirus bill included $320 billion to replenish funding for the program.

I was honored to be in the Oval Office when President Trump signed this bill into law, bringing much-needed relief to the small businesses men and women who drive our economy.

Over 99% of small businesses in Missouri are small businesses.

Through this program, Missouri small businesses are able to apply for loans to be used for payroll, rent, and utilities. You can find your local lender and more details here.