The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed by President Trump on March 27. One of the provisions of the Act is the Paycheck Protection Program. The PPP program provides cash-flow assistance to small business owners through 100 percent federally guaranteed SBA loans to employers who maintain their payroll during this COVID-19 emergency. If employers maintain their payroll or rehire immediately those that were recently furloughed due to the epidemic, the loans will be forgiven. PPP loans offer forgiveness of up to 8 weeks of payroll based on employee retention and salary levels, no SBA fees, and at least six months of deferral with maximum deferrals of up to a year. Small businesses and other eligible entities will be able to apply through their bank if they were harmed by COVID-19 between February 15, 2020 and June 30, 2020. This program is retroactive to February 15, 2020. Loans are available through June 30, 2020. Use this calculator to see how much you might qualify for. The government application form can be found here.