Phillips Nizer (New York): Paycheck Protection Program

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act of 2020 into law, also known as the “CARES Act”.

Title I of the CARES Act (the “Paycheck Protection Program”) provides for the creation of a new line of federally-guaranteed small business loans (“Program Loans”) administered by the Small Business Administration (“SBA”) that will be available for the period of February 15, 2020 to June 30, 2020. MORE.

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