Established as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Paycheck Protection Program (PPP) is a new addition to the Small Business Administration’s (SBA) 7(a) Loan Program designed to provide economic relief to small businesses that have been adversely impacted by the COVID-19 pandemic. Implementation of the PPP brings with it many questions.

Working with the Department of the Treasury, the SBA has created an online “Frequently Asked Questions” (FAQs) document to address borrower and lender questions related to the PPP. The document will be updated on a regular basis.

To review the Paycheck Protection Program Loans FAQs document online, click here.

Bowles Rice continues to closely monitor federal, state and local developments related to the novel coronavirus pandemic. Be sure to visit the COVID-19 Response Team page on our website for a comprehensive listing of available services.

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