What is the 'Paycheck Protection Program'?

Understanding this new CARES Act small business loan program, including what's available, how the process works, and what you need to do to apply. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Term of the Day | Words to Know Paycheck Protection Program The main stimulus for small businesses in the CARES Act is the Paycheck Protection Program (PPP). The $659 billion funded under the Small Business Administration (SBA)—Business Loans Program Account is intended to provide loans to businesses to guarantee eight weeks of payroll and other costs to help those businesses remain viable and allow their workers to pay their bills. Read More » Related to "Paycheck Protection Program" Coronavirus Aid, Relief, and Economic Security (CARES) Act The Coronavirus Aid, Relief, and Economic Security (CARES) Act is a $2 trillion package of measures introduced in March 2020 in response to the COVID-19 pandemic. Read More » Pandemic Unemployment Assistance (PUA) and How to Apply Access the special pandemic unemployment insurance program for freelancers, independent contractors, part-time employees, and people who are self-employed. Read More » SPONSORED BY BASK BANK The Best Way to Save on Future Travel Having goal-specific savings can help you make the most of your money. This new savings account could be the key to saving for your future dream vacation. Learn More » The Paycheck Protection Program and Health Care Enhancement Act This COVID-19 relief legislation allocates additional funding for the PPP and EIDL small business relief programs, hospitals, and COVID-19 testing. Read More » Related Definitions Federal Reserve System The Federal Reserve System is the central bank of the United States and provides the nation with a safe, flexible, and stable monetary and financial system. Read More » Main Street Lending Program The Main Street Lending Program is an initiative by the Fed to keep credit flowing to small and mid-sized businesses during the coronavirus crisis. Read More » Unemployment Income Unemployment income is temporary income provided by governments to individuals who have lost their job through no fault of their own. Read More » Unemployment Claim An unemployment claim is a request an individual makes to a state government to receive temporary payments after having been laid off from a job. Read More » CONNECT WITH INVESTOPEDIA Email sent to: mondemand.forex@blogger.com To update your newsletter preferences or unsubscribe, click here. 114 West 41st St, floor 8 New York NY 10036 © 2020, Investopedia, LLC, All Rights Reserved | Privacy Policy