To clarify, the CARES Act $350B business Payroll Protection Program loans are different than the SBA Disaster Loans, 2 completely different loans and applications. Check with your bank regarding the CARES Act business Payroll Protection Program loans. Banks are just now starting to put out information regarding CARES Act PPP Loan, application was posted yesterday afternoon by the US Treasury. Please see the US Treasury Fact Sheet Here The CARES PPP Loan has a loan forgiveness aspect to the loan.
