The CARES Act, which was enacted on March 27, 2020, implemented the Paycheck Protection Program ("PPP"), which allows small businesses to receive a forgivable loan of up to two and a half times their ...

Update (May 14): In FAQ #46 on the Paycheck Protection Program, the SBA states it will not audit companies on the necessity (hardship) certification if the PPP loan amount is under $2 million, though ...

These questions were submitted by participants at our April 6 webcast "What the bailout means for small-business owners." For more on federal relief loans for business owners, please see our Crain’s ...

When Congress enacted the CARES Act, and originally allocated $350 billion to save small businesses via the bipartisan Payroll Protection Plan (“PPP”) loan program, it did so while proudly proclaiming ...

The number of banks that have decided to participate in the Small Business Administration’s Paycheck Protection Program loan forgiveness portal has grown substantially. On July 28, the SBA unveiled ...

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