COVID-19 Small Business Administration Programs
COVID-19 Small Business Administration Programs To support small businesses during the Coronavirus (COVID-19), the government has adopted various economic relief programs. This article will cover four major programs operated by the Small Business Administration (SBA). The Paycheck Protection Program (PPP) The Paycheck Protection Program is designed for people who run small businesses. This is an ambitious program both in volume and conditions. Under this program, approximately $349 billion has been allocated. The small business owners who are suffering due to the Corona pandemic will be able to recoup a portion of payroll through this program. Apart from small business establishments, many non-profit organizations will be eligible for this loan. Even tribal businesses are included in the list. This will also be an opportunity for independent contractors and self-employed youths, provided they fulfill all the conditions to get a loan. This program offers th
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