Back on Track Indiana |
3月25日, 2020, the Senate approved legislation known as the Coronavirus Aid, 救援, and Economic Security Act (the “CARES Act” or the “Act”), which is designed to provide financial assistance to individuals, 企业, 非营利组织, and state and local governments impacted by the COVID-19 crisis. Section 1102 of the Act creates the Payroll Protection Program (the “Program”) pursuant to which the Small Business Administration (小企业管理局) has authority to commit to $350 billion in forgivable business loans (referred to herein as “covered loans”) under Section 7(a) of the Small Business Act (“7(a)”). The following is a brief summary of the Program:
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