SBA’s Paycheck Protection Program for Small Businesses Affected by the Coronavirus Pandemic Launches
… Securit y Act (CARES). The program provides forgivable loans up to $10 million to small businesses left financially … distressed by the Coronavirus (COVID-19) pandemic. The loans, which will be administered at the local level by a … to meet payroll and day-to-day operating expenses. “These loans will bring immediate economic relief and eight weeks of …