SBA’s Paycheck Protection Program for Small Businesses Affected by the Coronavirus Pandemic Launches
… Carranza today launched the Paycheck Protection Program, a $349 billion emergency loan program created last week with … loans, which will be administered at the local level by a national network of banks and credit unions, are designed … Program’s maximum loan amount is $10 million with a fixed 1% interest rate and maturity of two years. The loans …