The COVID-19 Pandemic has forced employers to cut millions of jobs throughout the US. In response, Congress passed the CARES Act which includes a provision known at the Paycheck Protection Program. This $349 billion program provides emergency loans to small businesses and nonprofits for the primary purpose of keeping employees on their payroll. The loans are 100% guaranteed by the SBA and contain a provision to forgive the debt if used to pay certain costs.
For more information, watch the video and download the whitepaper on the Paycheck Protection Program.