CARES Act – Paycheck Protection Program Loan
On Friday, March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) in response to the COVID-19 pandemic. The CARES Act includes a forgivable small business loan program: the Paycheck Protection Program (PPP). Under the PPP loan program, forgivable loans of up to $10 million will be available…