Connecticut House GOP

    State Representative

    Kathy Kennedy
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    Connecticut House GOP

    State Representative

    Kathy Kennedy
    Connecticut House Republicans

    Fighting for Connecticut's families and businesses with common-sense solutions.

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    April 2, 2020

    Kennedy: Paycheck Protection Program (PPP)

    Kennedy: Paycheck Protection Program (PPP)
    This article was archived from the previous WordPress site. Formatting and media should be close, but may not match the original post perfectly.

    The Paycheck Protection Program is a federal initiative providing forgivable loans. This program is aimed specifically at small businesses with 500 or fewer employees, including nonprofit entities (including churches), veterans’ organizations, tribal concerns, self-employed individuals, sole proprietorships and independent contractors. Businesses with more than 500 employees are eligible in certain industries.

    The program has a total funding level of $349 billion and is administered by the US Department of Treasury.     Select banks will start to accept applications Friday, April 3rd. Independent contractors and self-employed individuals can apply Friday, April 10.

    You are encouraged to apply as early as you can because of the funding cap.
    Application Information:
    Participating banks will accept and process applications.
    Call your bank or use the SBA Lender Match tool.
    You can also contact your Small Business Development Center or Women’s Business Center.
    Click here for the application
    Loan amounts are provided to businesses based on each company’s payroll level. For instance, the typical loan amount will be 2.5 times average monthly payroll. During the COVID-19 period, when a company retains employees or rehires them, the principal and interest on loans provided by the program will be forgiven.
    Get more information

    Latest Posts

    Why I Voted “NO” on the State Budget

    Why I Voted “NO” on the State Budget

    Last night, I stood against the State Budget proposal that overspends money we don’t have, raises taxes on businesses and consumers, and makes our state more unaffordable over the next two years. Remember: This budget is a 700+ page document that addresses a wide variety of issues, many of which do NOT reflect our desires […]

    June 3, 2025
    Advocating for Child and Senior Safety

    Advocating for Child and Senior Safety

    Today, I proudly stood with members of the Commission on Women, Children, Seniors, Equity, & Opportunity (CWCSEO) and colleagues on the Transportation Committee in support of HB 7159, also known as the Yellow Envelope Bill. This bill will help law enforcement safely communicate with persons who have intellectual and physical disabilities. Each yellow envelope provides […]

    May 21, 2025