28 Mar COVID-19 Update 7: CARES ACT – Breaking Down the Paycheck Protection Program
Posted at 16:58h
in Insights
CARES ACT
Breaking Down the Paycheck Protection Program
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency.