The Paycheck Protection Program

March 31, 2020

On Friday, March 27, 2020, Congress passed the CARES Act aimed at providing economic relief due to the COVID-19 pandemic. The Paycheck Protection Program (PPP) is part of this legislation to provide financial support to small businesses and non-profits. The SBA administrator will soon release more details to financial institutions on this program. We will update our resource center related to the loan application criteria as this information becomes available.