The $349 billion Paycheck Protection Program is intended to help small employers weather the pandemic. But whether it does isn’t clear.
Posts tagged as “coronavirus”
So far, Congress has passed two bills related to COVID-19 which have provisions specifically aimed at small businesses. They are: The Families First Coronavirus Response…
This portion of the CARES Act gives businesses a tax credit worth 50% of employee wages (up to $10k per employee) for wages paid between Mar 12, 2020 and the end of the year. Note that you can't do a PPP loan and also take this credit - you must choose between the two.
Summary of the Main Street Lending Facility the Federal Reserve is creating to encourage bank lending to medium-sized businesses.