Paycheck Protection Program (US COVID-19 relief)

GPTKB entity

Predicate	Object
gptkbp:instanceOf	government relief program
gptkbp:administeredBy	gptkb:Small_Business_Administration
gptkbp:applicationDeadline	April 2020 to May 2021
gptkbp:country	gptkb:United_States
gptkbp:dateEnacted	gptkb:CARES_Act 2020
gptkbp:enactedBy	gptkb:United_States_Congress
gptkbp:filingMethod	2 or 5 years
gptkbp:forgivenessRequirement	maintain employee headcount maintain salary levels use at least 60% for payroll
gptkbp:fundedBy	over $800 billion
https://www.w3.org/2000/01/rdf-schema#label	Paycheck Protection Program (US COVID-19 relief)
gptkbp:loanForgiveness	yes, if certain conditions met
gptkbp:mainInterest	1% annual
gptkbp:maximumLoanAmount	$10 million
gptkbp:purpose	provide loans to small businesses help businesses retain employees during COVID-19 pandemic
gptkbp:relatedGroup	independent contractors nonprofit organizations small businesses self-employed individuals
gptkbp:relatedLegislation	gptkb:Economic_Aid_to_Hard-Hit_Small_Businesses,_Nonprofits,_and_Venues_Act gptkb:Paycheck_Protection_Program_Flexibility_Act
gptkbp:relatedTo	gptkb:COVID-19_pandemic
gptkbp:status	ended
gptkbp:targetUser	forgivable loan
gptkbp:bfsParent	gptkb:PPP
gptkbp:bfsLayer	5