Small Business Owner? This Forgivable Loan May Help Keep Your Business Afloat During The Lockdown
1 Apr 2020
In addition to including stimulus checks for individuals, the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) Act includes a $349 billion stimulus package to help small businesses make their payroll and rent payments over the next few months.
This stimulus program, called the Payroll Protection Program (PPP), is designed to help small businesses avoid laying off employees over the next few months while social distancing requirements keep many small businesses closed or operating at less than full capacity.