Funds for a paycheck protection program loan also known as a ‘PPP loan’ may run out before the May deadline. The Michigan Non Profit Association is urging small businesses and non-profits to apply before it’s too late.

As of April 5, the small business administration approved nearly 4 million PPP loans, that’s over 150 billion dollars’ worth; However there are certain eligibility requirements to receive this type of loan.

“Non-profits have to have employees in order to be eligible for the paycheck protection program,” Vice President of Michigan Non-Profit Association, Kelley Kuhn said.

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