Resources on the Paycheck Protection Program from the Treasury can be found on the Assistance for Small Businesses page. Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This site is developed through a partnership between the Association of Women Business Center and America’s SBDC and is supported by the U.S. This platform provides small businesses with access to a consolidation of COVID-19 related information and resources from multiple federal agencies. Visit SBA.gov/Coronavirus for more information.įederal Resources for U.S.
The Paycheck Protection Program is specifically designed to help small businesses keep their workforce employed. This proposal would be retroactive to Februto help bring workers who may have already been laid off back onto payrolls.
If the employer maintains its payroll, then the portion of the PPP loan used for covered payroll costs, interest on mortgage obligations, rent, and utilities would be forgiven, which would help workers to remain employed and affected small businesses and our economy to recover quickly from this crisis. What is it? The Paycheck Protection Program (PPP) is a program that provides eight weeks of cash-flow assistance to small businesses through 100 percent federally guaranteed loans to employers who maintain their payroll during the COVID-19 pandemic.
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