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CARES Act: SBA Paycheck Protection Program Loans - Affiliation Considerations

April 7, 2020, Covington Alert

Ninety-five percent of employing businesses in the United States are small businesses. As we discussed in detail here, the CARES Act seeks to support small businesses through the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL), in addition to other Small Business Administration (SBA) efforts involving the Emergency Advance: SBA Express Bridge Loans and SBA Debt Relief.

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