WarrenBoynton Blog

Paycheck Protection Program

5/5/2020

The country’s small businesses are facing unprecedented economic disruption due to the Coronavirus outbreak but there is help.

On Friday, March 27, 2020, the President signed into law the CARES Act, which contained $376 billion in relief for American workers and small businesses. The funding ran out in two weeks. But when the new Paycheck Protection Program and Health Care Enhancement Act were signed into law, an additional $310 billion was designated to help small businesses keep employees on the payroll. The SBA resumed accepting Paycheck Protection Program applications from participating lenders, such as Warren-Boynton State Bank, on Monday, April 27, 2020. 

To learn more about the relief options available for your business, visit

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options



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