What Financial Advisers Should Know Re PPP Program
PRESIDENT DONALD TRUMP last month signed a $900 billion COVID-19 relief bill, which delivered more aid for small businesses and a $600 check to millions of Americans' bank accounts. Much of the small-business relief comes through an expansion of the Paycheck Protection Program, or PPP, which was introduced by the whopping $2.2 trillion coronavirus relief bill enacted in the early weeks of the crisis last spring. The program aims to help small businesses continue paying their employees during the pandemic.
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