The Bowles Rice Banking and Financial Services Team has prepared an overview of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) as it applies to the Paycheck Protection Program. The summary includes:

   •   Eligibility requirements

   •   Terms of loan and permitted use of proceeds

   •   How a Paycheck Protection Loan must be used

   •   Loan forgiveness and lender reimbursement

   •   Other key lender provisions

Click here to read a printable PDF of the entire summary.

For more information:
If you have questions or would like more information, please contact one of the following Bowles Rice attorneys: