US Paycheck Protection Program - A Forgiven Loan to Cover Employee Payroll Costs

In the midst of the US version of the COVID-19 pandemic, the US government is offering loans to small businesses so they can pay their employees whether the business is in operation or closed down due to virus exposure concerns. The terms are extremely simple, requiring only the basic information about the business, number of employees, and average monthly payroll expense for 2019. View the information sheet below and follow the link if you want to apply. Applications for businesses open on Friday April 3 while contractors and freelancers can apply begining Friday April 10, 2020. The first paragraph is headed "Fully Forgiven" and seems like it may be the most interesting part of the offering.

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Extended Mobility with Sage Payroll Card by FlexWage

FlexWage Solutions, a leader in the mobile pay card industry, has been named the new payroll card provider to Sage North America, a leading supplier of accounting and business management software to start-up, small and midsized businesses. The Sage Payroll Paycard platform was introduced earlier this summer at Sage Summit, the company's annual conference for business partners and customers.  Read more...

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