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Payroll Protection Program (PPP) for Small Business

Payroll Protection Program (PPP) for Small Business

The CARES Act established new loans through Small Business Administration (SBA), called PPP loans. The primary purpose is to help businesses retain their existing staff, meet payroll, benefits and pay necessary expenses.
The loans can be 100% forgiven, however, there are certain criteria that need to be met.

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What is Cares Act of 2020?

What is Cares Act of 2020?

The Coronavirus Aid, Relief, and Economic Security Act, known as the CARES Act was signed into law by President Trump on March 27, 2020. The CARES Act provides financial aid and relief to individuals, businesses and economy as a result of COVID-19.

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