- 07 Apr
The CARES Act Paycheck Protection Program: What You Need to Know
by Elaine Stone
On Friday, March 27, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) became US law. And the CARES act put into motion a momentous effort to provide financial relief for millions of Americans.
The CARES Act is packed with provisions for small businesses. This includes emergency government grants and existing loan payment coverage. But the $350 billion Paycheck Protection Program (PPP) might be the most promising portion of the legislation.
But what is this program? And is it something that can aid your business?
The Federal government is still ironing out the logistics. More details are being released daily if not hourly. But if you think you may need to make use of this resource, you won’t want to wait to start evaluating if a PPP loan is right for your business. Read on at WordStream Blog to see more of the details of this program and how it may be able to help you.