U.S. Department of Treasury Provides Updated Information on CARES Act

The U.S. Department of Treasury encourages small businesses in need to keep on applying for financial assistance. As of May 13, about one-third of the second wave of funding for the Paycheck Protection Plan is still available.

The Paycheck Protection Program is providing small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead.

For more detailed information on the CARES Act in general please click here. If you still have questions about the specifics on the PPP, please see this regularly updated Q&A sheet that answers most of the questions concerning small businesses and lenders.