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Posted on Jun 8, 2020

Borshoff Consulting, LLC

Paycheck Protection Program – COVID-19 Small Business Loan

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. It is intended to help businesses keep their workforce employed through the COVID-19 crisis.

If all employees are kept on the payroll for at least 8 weeks, the SBA loan will be forgiven. The stipulation is that the loan is used for payroll, rent, mortgage interest, or utilities.

Check out our PPP Frequently Asked Questions.
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