Understanding the Paycheck Protection Program (PPP) for Clubs

Club Automation

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April 24, 2020

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category

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PUblished

April 24, 2020

As you fight for your members, we are fighting for you. Our communities are rapidly changing, and we are striving each day to help power you through this challenging time. In this effort, we are partnering with Lendio to assist your club with learning more about and applying for the Paycheck Protection Program (PPP).

What is the Paycheck Protection Program (PPP)?

The Paycheck ProtectionProgram (PPP) is a loan to provide an incentive for small businesses to keep their workers on the payroll. According to the SBA, loans will be forgiven if all employees are kept on the payroll for eight weeks, compensation levels do not change, and the money is used for payroll, rent, most mortgage interest, or utilities.

Who is eligible?

According to the U.S.Department of the Treasury, all businesses in the U.S. with 500 or fewer employees can apply, including: nonprofits, veterans organizations, Tribal business concerns, sole proprietorships, self-employed individuals, and independent contractors.

How do I apply?

To apply for the Paycheck Protection Program (PPP), you will need to submit a completed loan application. Required documentation may include, but is not necessarily limited to, your business formation details and your payroll documentation.

Click here to start your loan application now.

In addition to visiting the partner page with more PPP loan information, visit our Rapid Recovery Toolkit for weekly updates.

Lendio is a referral partner. Daxko does not represent any particular result from, and is not party to, any resulting arrangement or agreement between you and Lendio.

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A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

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Static and dynamic content editing. A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

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A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

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A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

  • Just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection
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Into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

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