SBA Paycheck Protection Program

On March 27, 2020 the Coronavirus Aid, Relief, and Economic Security Act (CARES ACT) was signed into law as a relief measure for small businesses and their employees who have been adversely affected by the current public health crisis. A key provision of this legislation is the Paycheck Protection Program (PPP), a $350 billion emergency lending program designed to provide small businesses with loans to help cover their operating expenses during a temporary period of immense market disruption.

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