Posted at 10:46h
The small business economy of the United States is impatiently waiting while the SBA and U.S. Treasury are trying to figure out what the CARES Act means. The most popular segment of the benefits package is the Paycheck Protection Program Loan. With its forgiveness that acts as a grant, many small businesses view this as a much-needed life preserver. Referred to as PPP Loans, these loans will be distributed by Small Business Administration (SBA) lenders. Right now, those lenders are also still trying to figure out the details. So what do you need to know about PPP Loans?