On March 27, 2020, the CARES Act became law, intended to provide relief to those impacted by the COVID-19 pandemic. One of its most notable provisions is creating the Paycheck Protection Program, or PPP. The PPP is designed to give small businesses access to forgivable loans to enable them to pay and retain employees and meet short-term overhead costs to keep their business afloat. Since PPP was created, the federal Small Business Administration has issued additional guidelines and procedures to be followed by lenders and borrowers in implementing the program. If you want more information about PPP, or your business needs help understanding the applicable regulations and applying for a PPP loan, please contact us at info@cvlawgroup.com.
For some immediate guidance and answers to frequently asked questions, additional information can be found here.
For some immediate guidance and answers to frequently asked questions, additional information can be found here.
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