Understanding the Paycheck Protection Program
Understanding the Paycheck Protection Program

Original presentation date: April 28, 2020
Presented by: Jack A. Rybicki

This webinar is a part of the COVID-19: Just In Time Microlearning Series

As part of the $2 trillion aid package unveiled in the Coronavirus Aid Relief & Economic Security (CARES) Act, $349 billion was dedicated to the Paycheck Protection Program (PPP). The PPP offered federally guaranteed loans to businesses with fewer than 500 employees to cover payroll and other essential costs. The federal government is focused on releasing funds quickly and with as little red tape as possible, giving small businesses a big boost right when they need it. And here’s the best part—if you use the funds to retain (or rehire) your employees, the loans don’t need to be repaid. While the funds initially appropriated for the PPP in the CARES Act have been exhausted, an additional appropriation is likely.

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