BUSINESS MEMBER UPDATES
Greylock is proud to help support our many small business members affected by the COVID-19 crisis. We encourage you to check with your accountant or attorney to determine which program works best for you. Greylock can not provide advice on which program best suits your business’s needs.
THE PAYCHECK PROTECTION PROGRAM
The Paycheck Protection Program (PPP) is a federal relief loan program designed to provide a direct incentive for small businesses to keep their workers on the payroll.
The SBA has stated they may forgive all or part of a loan if employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
As of June 30th, Greylock approved over $30 million in PPP Loans, helping to save over 3,900 jobs.
We no longer accepting PPP Loan Applications as of August 6th at 5:00 pm.
We are currently not accepting applications for PPP Loan Forgiveness. PPP borrowers will be notified through email when we are able to accept Forgiveness applications.
Questions? Call our PPP Helpline at (413) 236-4041