One of the most important provisions of the CARES Act for small businesses is called the Paycheck Protection Program (PPP). The PPP is a $349 billion program designed to assist small businesses (fewer than 500 employees) facing financial difficulties as a result of the COVID-19 pandemic through specifically structured loans
The loan program offers funding to cover payroll for up to eight weeks, with the intent of stemming unemployment. These loans can be forgiven and essentially become a grant if your business meets certain criteria with no need to repay the money.....................
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