What Dealers Need to Know about the Revamped Paycheck Protection Program ("PPP")

The Paycheck Protection Program is getting a reboot as part of Congress’s latest coronavirus stimulus package. The $900 billion deal includes $284 billion for PPP, which will reopen after closing in August. Much like the program’s first run, the aid will be in the form of forgivable loans to small businesses, but there are some key changes on issues such as eligibility for second-time applicants and types of forgivable expenses.

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