It is a ~$350 billion program to provide eight weeks of cash-flow assistance to small businesses that maintain their payroll.
If the employer maintains its payroll, then the portion of the PPP loan used would be forgiven.
These grants are retroactive to Feb. 15, 2020—which will help bring workers who have already been laid off back onto payrolls.
That's why @realDonaldTrump's #PaycheckProtectionProgram is the lifeline these businesses—and the Americans they employ—need in these unpredictable times.