Our Latest Industry Insights

What You Need to Know to Understand About the Payment Protection Program

The purpose of this article is to answer certain frequently asked questions regarding the Paycheck Protection Program—the federal program that makes available $349 billion of forgivable loans to certain small businesses and entrepreneurs—and the corresponding loan forgiveness program enacted as part of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) as further clarified by the Small Business Administration’s recent guidance.