The Paycheck Protection Program (PPP) is already delivering results for America’s small businesses by allowing them to maintain their workforce and keep them on payroll. As of yesterday, this Program has already processed more than $70 billion in guaranteed loans of the $349 billion approved in the CARES Act.
With the positive news coming out of the program, the White House has requested an additional $250 billion to continue to assist small businesses during this difficult time. Take a look at some businesses that are already feeling the benefits of the CARES Act and the PPP:
Bottom Line: The Paycheck Protection Program is already helping businesses across the nation. House Republicans remain dedicated to delivering the needed resources to help America’s small business stay afloat.