Economic and Fiscal Policy
An Analysis of the CARES Act Paycheck Protection Program Loan Information
The Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 has offered significant assistance to small businesses and nonprofits. Included in the federal aid package was $349 billion for the Paycheck Protection Program (PPP), which was earmarked for loans to small businesses to cover costs associated with maintaining their workforce. As of April 16, 2020, the funds set aside to support small businesses through the PPP were exhausted. In this policy brief, the Guinn Center team review
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