CARES Act – Paycheck Protection Program

 

The CARES Act supplements and expands the Small Business Act (SBA) through the
Paycheck Protection Program (PPP). The PPP guarantees loans to small businesses, a
portion of which may be forgiven if used for certain payroll and operating costs during the
current pandemic. The amounts otherwise subject to forgiveness can be reduced for
businesses that either lay off or substantially reduce employees’ pay.

CARES Act – Paycheck Protection Program