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The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $660 billion to simply help smaller businesses keep employees used amid the pandemic and downturn in the economy. Referred to as Paycheck Protection Program (PPP), the effort provides 100% federally fully guaranteed loans to businesses that are small.

Notably, these PPP loans could be forgiven if borrowers maintain their payrolls throughout the crisis or restore their payrolls afterwards.

The administration’s PPP program directions are obtainable at treasury.gov, as well as the U.S. small company management’s search device to get a bank that provides PPP loans can be located at https:// sba.gov/paycheckprotection/find.