Applications through participating lenders for the SBA’s Paycheck Protection Program, as part of the recently approved CARES Act, opened up today.

Banks are warning of a rocky start as the $350 billion relief plan opens for the millions of small businesses impacted by coronavirus control measures look for help.

Click here to read what local bankers said ahead of the latest program.

Find out what to expect about it, the Economic Injury Disaster Loans program and other resources available to small businesses during this unprecedented time from Heather McWhorter, regional director of Wilmington’s Small Business and Technology Development Center.

See the full conversation below.
 
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