Can My Venture-backed Startup Benefit From a Payroll Protection Program Loan?
Understanding The Paycheck Protection Program and Business Eligibility With so many companies’ runways depleting in these unprecedented times, many companies are seeking relief through the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). One attractive program falling within the U.S. Small Business Administration’s (SBA’s) Section 7(a) loan program is called the Paycheck Protection…