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Includes nearly $350 billion in funding to create a Paycheck Protection Program (PPP) that will provide small businesses, sole-proprietors, independent contractors, and other self-employed individuals with zero-fee loans of up to $10 million.

Paycheck Protection Program

Includes nearly $350 billion in funding to create a Paycheck Protection Program (PPP) that will provide small businesses, sole-proprietors, independent contractors, and other self-employed individuals with zero-fee loans of up to $10 million. Up to 8 weeks of average payroll and other costs will be forgiven if the business retains its employees at their salary levels. 

Principal and interest are deferred for up to a year, and all borrower fees are waived. This temporary emergency assistance through the U.S. Small Business Administration (SBA) and the Department of Treasury can be used with other COVID-financing assistance established in the bill or any other existing SBA loan program.

We need to have the American people’s backs.

Mitch McConnel

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*Cares Grant Funding is an independent service offered by D&D Inc., Our purpose is to help small to large businesses gain access to federal stimulus funding. To qualify for our service you must have a minimum of 4 employees or a personnel expense of at least 300,000 annually.