Congressman Patrick McHenry Says Every Small Business Who Needs an Emergency Loan Should Get One
jonward.substack.com
Congress authorized $350 billion for the Paycheck Protection Program in its coronavirus rescue package that was passed two weeks ago. Any company with 500 employees or fewer can get a loan of up to $10 million and that loan will be forgiven as long as 75% of the money goes toward keeping employees on payroll. The loans are financed by the U.S. government, but are conducted through private sector banks.
Congressman Patrick McHenry Says Every Small Business Who Needs an Emergency Loan Should Get One
Congressman Patrick McHenry Says Every Small…
Congressman Patrick McHenry Says Every Small Business Who Needs an Emergency Loan Should Get One
Congress authorized $350 billion for the Paycheck Protection Program in its coronavirus rescue package that was passed two weeks ago. Any company with 500 employees or fewer can get a loan of up to $10 million and that loan will be forgiven as long as 75% of the money goes toward keeping employees on payroll. The loans are financed by the U.S. government, but are conducted through private sector banks.