First Look at the Paycheck Protection Program (PPP) in the CARES Stimulus Bill
UPDATE April 7, 2020: The U.S. Department of the Treasury maintains a website with the latest Paycheck Protection Program (PPP) Loan Application, guidance, and Frequently Asked Questions (FAQs).
The CARES Act Stimulus bill was approved by the Senate and House today and is expected to be quickly signed by President Trump. Many of my clients are small businesses (<500 employees) that should consider using this stimulus to help weather these uncertain times. Here’s my first impression of how one portion of the bill – the Paycheck Protection Program (PPP) – could help a small business.