April 2, 2020: Written by: Joseph G. Harraka, Jr., Esq. & Anthony J. Vizzoni, Esq.
On March 27,, 2020, the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) was signed by President Trump thus becoming law. The CARES Act created a new Small Business Administration (the “SBA”) loan program known as the Paycheck Protection Program (the “PPP”). Below is a summary of several key provisions of the PPP.