April 2, 2020: Written by Joseph G. Harraka, Jr., Esq. & Anthony J. Vizzoni, Esq. Practice Leaders Trucking & Logistics Group
On March 27,, 2020, the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) was signed by President Trump thus becoming law. The CARES Act created a new Small Business Administration (the “SBA”) loan program known as the Paycheck Protection Program (the “PPP”). Below is a summary of several key provisions of the PPP.