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FederalStimulus

Title: Federal Stimulus Created: ''2020-04-27 10:00'' Category: Government ###Paycheck Protection ''2020-04-27 07:19'' >The Paycheck Protection Program was intended as a backstop to dissuade layoffs. Under the program, small businesses could borrow up to two and a half times their average monthly payroll cost. If they used the money to retain workers and keep paying them for at least eight weeks, the loan would be forgiven in full, and they could use a portion of the cash for certain other expenses, like rent and utilities. ###Unemployment > $600 a week on top of their state benefits for four months

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