Paycheck Protection Program: Small Business Guide & Checklist

Financial Planning

Mar 29, 2020

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses.1

Below are questions you might be asking and what you need to know about the Paycheck Protection Program prepared by the U.S. Chamber of Commerce.

  1. Am I eligible?
  2. What will lenders be looking for?
  3. How much can I borrow?
  4. Will this loan be forgiven?

Click here to view PDF.

1: U.S. Chamber of Commerce 2020

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