Monday, 6 April 2020

Brokers must wait to tap SBA forgivable loan lifeline

The majority of real estate brokers seeking help from the federal government’s paycheck lifeline program will have to wait until Friday to do so. The Small Business Administration’s $350 billion Paycheck Protection Program, which offers forgivable loans that can be used to cover expenses like employee salaries and rent amid the coronavirus crisis, launched on Friday. But real estate brokers and others who work as independent contractors or are self-employed will have to wait until



source https://therealdeal.com/2020/04/06/brokers-must-wait-to-tap-sba-forgivable-loan-lifeline/

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