Q1. What is the CARES Act Paycheck Protection
Program?
A1. The CARES Act (Act) Paycheck Protection
Program (PPP) is part of a new Small Business Administration (SBA)
lending program designed to provide small businesses with funds to
pay up to 8 weeks of payroll costs including benefits. Funds can
also be used to pay interest on mortgages, rent, and utilities, or
to repay or refinance any outstanding amount owed under an SBA
Economic Injury Disaster Loan (EIDL) received between January 31,
2020 and the date the PPP loans are made available.
Q2. Who is eligible for a PPP
loan?
A2. The following businesses or organizations
that were operational as of February 15, 2020 may be eligible for a
PPP Loan:
