SBA’s Paycheck Protection Program for Small Businesses Affected by the Coronavirus Pandemic Launches
… the Paycheck Protection Program, a $349 billion emergency loan program created last week with the President’s signing … System code. The Paycheck Protection Program’s maximum loan amount is $10 million with a fixed 1% interest rate and … does accrue). The SBA will forgive the portion of loan proceeds used for payroll costs and other designated …