CARES Act: Paycheck Protection Program Briefing

On April 6, Rivkin Radler’s Robert Iseman presented a COVID-19 Business Briefing on the Paycheck Protection Program that was created under the Coronavirus Aid, Relief and Economic Security Act (CARES Act). Administered by the U.S. Small Business Administration, the Paycheck Protection Program will make up to $349 billion in loans available to small businesses that were in business on February 15, 2020 and have fewer than 500 employees. Loan amounts used for payroll costs, mortgage interest, rent and utilities can be forgiven.

This Business Briefing was the first in a series created by Robert Iseman, Benjamin Malerba and Eric Fader that will spotlight timely topics related to the coronavirus pandemic. Slides from Bob’s presentation are available here. Contact Bob, Ben or Eric for information on future Briefings.