Paycheck Protection Program Guidance Available to Small Businesses
The U.S. Small Business Administration (SBA) has issued its first guidance on the Paycheck Protection Program in order to help small businesses determine eligibility and obtain loans. The program is designed to encourage small businesses to keep their workers on payroll by providing loans up to $10 million for payroll as well as other expenses.
Businesses with 500 employees or less can now obtain additional assistance from the SBA, here. The Vision Council will continue to monitor any legislation put forth by U.S. lawmakers to provide members with any further updates.
Please contact Chris Rorick, MPA, Senior Policy Advisor, Bryan Cave, LLP, for more information.