Covid-19 Update: Payroll Protection Program

Late yesterday afternoon the U.S. Department of the Treasury issued guidance on the Payroll Protection Program (PPP), part of the larger CARES Act.  A link to the Treasury website is provided below for quick access to this information.

US Treasury Paycheck Protection Program

The Payroll Protection Program (PPP) prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.  Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program standards.

Documents included:

  • Small Business Paycheck Protection Program Overview
  • Paycheck Protection Program (PPP) Information Sheet for Lenders
  • Paycheck Protection Program (PPP) Information Sheet for Borrowers
  • Paycheck Protection Program Application Form

Please let us know if you have any questions or if we can be of any assistance.

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