The CARES Act supplements and expands the Small Business Act (SBA) through the Paycheck Protection Program (PPP). The PPP guarantees loans to small businesses, a portion of which may be forgiven if used for certain payroll and operating costs during the current pandemic. The amounts otherwise subject to forgiveness can be reduced for businesses that either lay off or substantially reduce employees’ pay.

CARES Act – Paycheck Protection Program
SBA Loans: PPP Loan Application Guidelines