The U.S. Small Business Administration (SBA) has updated its "Frequently Asked Questions" for the Paycheck Protection Program (PPP) to provide additional guidance based on continued feedback from lenders and borrowers. The program, targeted to small businesses, provides loans for employers with less than 500 employees in order to provide them with short-term financial assistance during the temporary economic shutdown. These loans will be forgiven for those companies that are able to meet certain conditions.
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Oct 13, 2020