Paycheck Protection Loans: 3 Things The SBA And Banks Need To Agree On Now

This past Friday, the federal government rolled out its Paycheck Protection Program (PPP), which was designed by the recently-enacted CARES Act as a way to get $350 billion into the hands of small business owners. 

 

As you well know, the motivation behind the PPP was to allow those businesses slowed or stopped by COVID-19 to continue paying their employees for the next few months by allowing banks to join forces with the Small Business Association (SBA) and make hassle-free loans to those in need.

 

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