CARES Act: More NMI PPP/EIDL ok’d

Jul 27, 2020

Marianas businesses and non-profits continue to be approved to receive CARES Act Paycheck Protection Program loans. As of July 17, 476 PPP loans worth $38,701,183 had been okayed. A list of those that received more than $150,000 is available here. And a list of Marianas financial institutions acting as lenders is listed here. Congress has extended the deadline to apply for the Paycheck Protection Program to August 8 and funding remains available. Meanwhile, the entire $20 billion Congress appropriated for grant advances to Economic Injury Disaster Loan applicants has been allocated. Through July 14, 274 EIDL grand advances worth $1,337,000 and 231 EIDLs worth $14,818,300 have been approved. The House-passed Heroes Act, however, adds another $10 billion for EIDL grants. To learn more about these programs visit the PPP website here and the EIDL website here. Download a PPP application here, and the EIDL application here. A step-by-step guide on the application process can be viewed here. EIDL applications are due by December 31.