Monday, May 11, 2020

Paycheck Protection Program (PPP)

This is a loan program designed to support small businesses in this crisis to keep their employees on the payroll. It will cover 8 weeks of payroll costs including benefits along with interest on mortgages, rent and utilities. The loan can be forgiven by the government if you qualify on the spending side. The details are fluid to say the least with constant changes. Check out this website to keep up with PPP: https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses.

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