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Paycheck Protection Program

Another part of the CARES Act enacted the Paycheck Protection Program.

This program is offering loans to small businesses (less than 500 employees), sole-proprietors, and non-profits.

If funds are used for qualified payroll costs in the next 8 weeks, the loans can be forgiven. However, there are lot of details and caveats that Greg explains further in the below video.

Watch this video and then go talk to your bank as soon as possible!