What is the New PPP Business Emergency Loan? Info for Business Owners During the COVID-19 Crisis Episode 2
April 1, 2020
In this episode, I discuss the new Paycheck Protection Program (PPP) loan that was created as part of the CARES Act (Stimulus) to provide emergency relief to business owners during the coronavirus pandemic.
Qualifying businesses are able to borrow up to 2.5x their average monthly payroll and 100% of the loan will be forgiven if the funds are properly applied.
I’m happy to use this podcast feed to answer, as best as I can, questions from business owners who are trying to navigate these challenges. You can contact me directly at https://www.lizerbramlaw.com/contact
This episode was recorded on April 1, 2020.