Coronavirus Emergency Loans – What You Need to Know About the CARES Act SBA Paycheck Protection Program
The $2.2 trillion coronavirus stimulus bill signed into law by President Donald Trump last week set aside $349 billion for a new small-business loan program. If small businesses maintain payroll during this economic crisis, some of the money borrowed through the newly created Paycheck Protection Program can be forgiven. The goal is to help small-business owners and their employees ride out this economic storm. Read more about how to qualify and what banks are SBA approved.