Summary of the CARES Act’s Paycheck Protection Loan System
Summary of the CARES Act’s Paycheck Protection Loan System On March 27, 2020, President Trump finalized into legislation the Coronavirus Aid, Relief, and Economic safety Act (“CARES Act”). Among the list of conditions associated with CARES Act could be the Paycheck Protection Loan Program (“PPP”), a brand new $349 billion business that is forgivable system…