Paycheck Protection Program (PPP) is a loan designed by the US Govt, and implemented by the SBA, to provide a direct and immediate incentive for small businesses to keep their workers on the payroll, and thus avoid large scale job losses, because the SMBs create over 50% of the total jobs across America.
SBA will forgive loans if all employees are kept on the payroll for eight weeks, and the money is used for payroll, rent, mortgage interest, or utilities.
You can apply through any existing SBA 7(a) lender, or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program.
Lenders may begin processing loan applications as soon as April 3, 2020.
The Paycheck Protection Program will be available through June 30, 2020.
Please check with your local lender whether it’s participating in the program.
Who Can Apply
The following entities affected by Coronavirus (COVID-19) may be eligible:
Any small business concern that meets SBA’s size standards (either the industry based sized standard or the alternative size standard)
Any business, 501(c)(3) Non-profit organization, 501(c)(19) Veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of: 500 employees, or that meets the SBA industry size standard if more than 500.
Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) with more than one physical location, and employs less than 500 per location
Sole proprietors, Independent Contractors, and Self-employed persons.
Marsh & McLennan Agency (MMA) is a wholly owned subsidiary of Marsh, dedicated to serving the insurance needs of middle market companies in the United States since 2008. MMA operates independently, offering commercial property, casualty, personal lines, employee benefits and retirement services to clients across the U.S. Our parent company Marsh & McLennan Companies (MMC), the world’s leading insurance broker and risk adviser, has over 60,000 employees and provides advice and capabilities to clients in over 130 countries. Download our footprint map. Continue reading →
We are a small firm providing outstanding service to our clients because of our dedication to professionalism, responsiveness and quality. With over 30 years in business serving western Connecticut, we are acutely aware of the challenges of trying to keep pace with ever-changing regulations while growing a business or investing in your family’s future.
We work together to insure that our clients receive the best of all of us, and, as a result, client referrals have fueled our growth in recent years. We are committed to continuing to provide our existing clients with the high level of service to which they have become accustomed, and we welcome opportunities to share our energy and abilities with new clients. Mark A. Malkin, CPA
Mark is co-owner of Malkin & Daigle LLC and a Certified Public Accountant in the State of Connecticut since 1983. Prior to branching out as a sole proprietor in 1993, Mark partnered with several local CPA firms. He is a member of the American Institute of Certified Public Accountants including the Tax Planning Division and a member of the Connecticut Society of Certified Public Accountants. Mark serves on the boards of several business and civic organizations in the community. He is a graduate of Western Connecticut State University. Laura J. Daigle, CPA
Laura is co-owner of Malkin & Daigle LLC and a Certified Public Accountant in the State of Connecticut. Laura joined the firm in February 2010 following a twenty-five year career in industry. She has experience in both the public and private sectors, most recently serving as Managing Partner of a privately-owned landscaping design company. Prior to that, Laura spent five years as Corporate Controller of Chilton Investment Company, a global investment management firm, and thirteen years with Pepsico. Early in her career, Laura held accounting positions with the Financial Accounting Standards Board and Ernst & Young. Laura is actively involved in numerous civic and charitable organizations throughout Northern Fairfield County. She is a graduate of the University of North Carolina at Chapel Hill. Address:
461 Danbury Rd
New Milford, CT, 06776
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