The CARES Act: Paycheck Protection Program for Small Businesses
The Coronavirus assistance, relief and economic stimulus (CARES) Act was signed into law on Friday and provides some immediate relief to business owners. One of the cornerstones of the package is a Paycheck Protection Program (PPP) that provide access to capital for small business owners to cover payroll, rent/mortgage and utilities over an 8-week timeline. The US Senate Committee on Small Business and Entrepreneurship has compiled a listing of frequently asked questions that we are sharing to assist business owners with understanding this program. Team NextGen is happy to assist you with compiling, reviewing and submitting your data to...