Dykema Provides Preliminary Advice While Awaiting Final Approval of the Coronavirus Aid, Relief, and Economic Security (CARES) Act
The CARES Act will establish the Paycheck Protection Program (PPP). This alert contains several pieces of information about and highlights of the PPP, including who will be eligible, who will lend the money, what the maximum loan amount and interest rate are, what permitted uses of the loan are, and what the loan forgiveness programs really mean for businesses.
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