“The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.” Please visit the U.S. Department of the Treasury website to view more.
In addition, the U.S. Chamber of Commerce has prepared a Coronavirus Emergency Loan Guide and Checklist to simplify the process.
This Fact Sheet is also an easy-to-read breakdown of the program.
Another resource for some of the most commonly asked questions regarding PPP: Paycheck Protection Program FAQs