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Paycheck Protection Program (PPP)

Advocacy Resource - April 2, 2020

Financial Management

Disaster Planning

Advocacy Categories

Editor's note: Following recent legislation, borrowers can now apply for First and Second Draw PPP loans through May 31, 2021 or until funding is exhausted.

The CARES Act, signed into law on March 27, authorized $349 billion in loans to cover small business payroll costs under the Paycheck Protection Program (PPP) with the purpose of helping employers retain employees at their current pay. Loans can be forgiven if employers keep their employees on the payroll for 8 weeks after the loan origination date.

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