Intuit’s resources on the Paycheck Protection Program
As the foundation of the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Paycheck Protection Program (PPP) is a loan program that aims to inspire businesses to keep their staff employed during the coronavirus.
Signed into law on March 27, 2020, the CARES Act looks to provide Small Business Administration (SBA) loans to small businesses with up to 500 employees. But, unlike traditional SBA loans that require personal guarantees of loan repayment, the federal government is administering loan guarantees to lenders.
Here are some articles from the QuickBooks® Resource Center that explain all about the Paycheck Protection Program, and how it affects your small businesses.
Originally published in the QuickBooks® Blog