SBA’s Paycheck Protection Program for Small Businesses Affected by the Coronavirus Pandemic Launches
… the Paycheck Protection Program, a $349 billion emergency loan program created last week with the President’s signing … System code. The Paycheck Protection Program’s maximum loan amount is $10 million with a fixed 1% interest rate and … for payroll costs. Eligible expenses for the eight-week forgiveness include: Payroll costs (excluding the prorated …