Paycheck Protection Program definition

Paycheck Protection Program means loan program created by Section 1102 of the CARES Act.

Paycheck Protection Program means the Paycheck Protection Program under the Coronavirus Aid, Relief, and Economic Security Act.

Paycheck Protection Program means the Paycheck Protection Program established by the CARES Act.

Examples of Paycheck Protection Program in a sentence

• Additionally, a business can qualify for the Paycheck Protection Program as a small business concern if it met both tests in SBA’s “alternative size standard” as of March 27, 2020: (1) maximum tangible net worth of the business is not more than $15 million; and(2) the average net income after Federal income taxes (excluding any carry-over losses) of the business for the two full fiscal years before the date of the application is not more than $5 million.

• On April 24, 2020, the President signed the Paycheck Protection Program and Health Care Enhancement Act (Pub.

• Lender must service and liquidate all covered loans made under the Paycheck Protection Program in accordance with PPP Loan Program Requirements.

• Lender consents and agrees to all rights and remedies available to SBA under the Small Business Act, the Paycheck Protection Program and PPP Loan Program Requirements, as each of those are amended from time to time, and any other applicable law.

• Termination will not affect the guaranty of any covered loan previously authorized by SBA under the Paycheck Protection Program.

More Definitions of Paycheck Protection Program

Paycheck Protection Program means the Paycheck Protection Program established under Section 1102 of the CARES Act, as implemented from time to time by the SBA.

Paycheck Protection Program means the Paycheck Protection Program established under the CARES Act.

Paycheck Protection Program means the Paycheck Protection Program established pursuant to Title I (Keeping American Workers Paid and Employed Act) of the Coronavirus Aid, Relief, and Economic Security Act enacted on March 27, 2020, as amended.

Paycheck Protection Program means that certain loan program originating from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Pub. L. 116-136, 135 Stat 281.

Paycheck Protection Program means the Paycheck Protection Program of the CARES Act, as implemented pursuant to any interim final rule (together with any further interim rule and final rule, and all guidance issued by the SBA with respect to Paycheck Protection Program loans) which provides for the forgiveness of a loan under such program for qualified expenses incurred during an eight-week period commencing on the date on which such PPP Loan is advanced.

Paycheck Protection Program means the Paycheck Protection Program available to certain eligible applicants pursuant to Section 1102 and 1106 of the CARES Act, including any rules or regulations promulgated thereunder and, in each case, as amended from time to time.

Paycheck Protection Program or “PPP” means the Paycheck Protection Program established pursuant to the CARES Act and administered by the U.S. Small Business Administration pursuant to the Small Business Act of 1953, 15 U.S.C. § 631 et seq., as amended.