Creditors' Corner LEGAL TALK

Basics of the Paycheck Protection Program

Lauren Reeves and Eugene Chianelli Season 1 Episode 5

The Paycheck Protection Program (“PPP”) allows for SBA-administered forgivable loans for essential business costs like payroll, benefits, rent, and utilities. The PPP is a key part of the federal government’s response to the COVID-19 pandemic and its associated economic fallout. This podcast highlights the basic features of the PPP and tells business owners what they need to know to apply.