CARES Act: Payroll Protection Program

Payroll Protection Program (PPP) - CLOSED

The Paycheck Protection Program established by the CARES Act, is implemented by the Small Business Administration with support from the Department of the Treasury. This program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.

 

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses.

 

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

Where can I learn more?

The-Small-Business-Owner’s-Guide-to-the-CARES-Act

BORROWER INFORMATION

US Chamber of Commerce Coronavirus Emergency Loans Guide & Checklist

FOR ADDITIONAL INFORMATION AND FINAL RULES

Loan Forgiveness

Application & Instruction Forms

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© 2020 by ALLIANCE SBDC

The Small Business Development Center at the Starved Rock Country Alliance

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