SBA Paycheck Protection Program

Announcement

SBA PAYCHECK PROTECTION PROGRAM

The Paycheck Protection Program (“PPP”), created through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone.

The loan amounts will be forgiven as long as:

The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 week period after the loan is made; and Employee and compensation levels are maintained.

Payroll costs are capped at $100,000 on an annualized basis for each employee. Due to likely high subscriptions, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs.
Loan payments will be deferred for 6 months.

Small businesses can now fill out an application to the Paycheck Protection Program for a forgivable loan to pay their employees during the COVID-19 crisis. Small businesses and sole proprietorships can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders beginning on April 3, 2020.

For an overview of the program CLICK HERE
If you’re a lender, more information can be found HERE
If you’re a borrower, more information can be found HERE
The application for borrowers can be found HERE

SBA PPP LOGO

Contact

City Hall

425 N Parkerson Avenue
Crowley, LA. 70526

1 (337) 783-0824
Mon - Thu: 8 am - 4:30 pm
Fri: 8 am - 12:00 pm

Public Records Officer
Glenn Dorr II
Police Records Request

Chief Jimmy Broussard

(337)-788-4114
jbroussard@crowleypolice.com

Local Info

ACADIA PARISH CHAMBER OF COMMERCE

The Acadia Parish Chamber of Commerce is a member-driven organization that is committed to the growth and betterment of the business community, as well as the overall quality of life in Crowley and Acadia Parish.

ACADIA PARISH TOURISM

We invite you to a real CAJUN EXPERIENCE in the heart of Cajun Prairie Country. Learn our history and folklore; visit our elegant architecture of Crowley's huge historic district & Cajun gift shops.

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