SBA Paycheck Protection Program Report
The Paycheck Protection Program was established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The program is implemented by the Small Business Administration with support from the Department of the Treasury. This program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits, interest on mortgages, rent, and utilities.
The program has run out of money due to the ongoing impact of the COVID19 pandemic.
Click here to read the Paycheck Protection Program Report of Approvals through April 16, 2020.