Paycheck Protection Program is Live – What Businesses Need to Know about Forgivable Loan Program
The new Small Business Administration (“SBA”) program for forgivable loans to small businesses (the “Paycheck Protection Program” or “PPP”) under the CARES Act launched yesterday. There at $349 billion in funds appropriated for forgivable loans under the PPP. Businesses must obtain loans directly from private SBA lenders and one lender reported taking in over $22 […]