The SBA program established by the CARES act PPP Paycheck Protection Plan has exhausted all funds. Banks began accepting PPP loan applications from small businesses and sole proprietorships on April 3rd. On April 10th self employed individuals and freelancers could begin applying. Today the entire 349 billion has been allocated to approved loans. It look less than 2 weeks.
There is talk and speculation of another round of funding. If your bank is still accepting applications get your’s in line and be ready.