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Paycheck Protection Program
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The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the US government in 2020 to help certain businesses and organizations continue paying their workers during the COVID-19 pandemic. The program allowed entities to apply for low-interest private loans to cover payroll costs, rent, interest, and utilities, with the option for partial or full loan forgiveness if the business kept its employee counts and wages stable. The program was implemented by the U.S. Small Business Administration and had a deadline to apply for a PPP loan of March 31, 2021.learn more on wikipedia
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