Paycheck Protection Program Loans Summary

Summary of Loans Under Paycheck Protection Program (Section 1102) Download PDF Overview Section 1102 provides $349 billion for expedited individual loans up to $10 million through approved lenders that are guaranteed 100% by the U.S. government. The loan proceeds can be used to cover payroll support (such as employee salaries, paid sick or medical leave,…

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coronavirus, Coronavirus Aid Relief and Economic Security Act (CARES Act), COVID-19, Paycheck Protection Program