Overview
InsuranceNewsNet quoted Scott Sinder in an article titled "Paycheck Protection Program Out Of Funds, But Could Be Extended." The article covers an April 16 presentation Sinder gave on the Paycheck Protection Program during the National Association of Insurance and Financial Advisors' online town hall meeting.
"So the biggest question we're hearing is 'I've already applied or I'm in the process of applying and now I see the money has run out – will I get any of this money?'" Sinder said.
Sinder added that if a business has already applied for a loan through the program, and the bank has entered the information in the Small Business Administration (SBA) online portal, "we think your application is in the queue."
In addition, he said, some parts of the program are still awaiting additional guidance from the SBA, which he expects will be made public no later than April 26.
The full article can be read at InsuranceNewsNet.
