Unpacking the Paycheck Protection Program
Apr 27, 2020
American lawmakers have passed the Paycheck Protection Program and Health Care Enhancement Act, a program that will offer small business loans to employers in need of aid as a result of the COVID-19 pandemic.
The bill is a $484 billion dollar package, of which $310 billion is earmarked for the Paycheck Protection Program (PPP).1,2
For my friends who run a small business, this is welcome news. In the wake of the pandemic, millions of small business owners have been forced to make gut-wrenching decisions regarding their operations. The PPP funds will serve to keep some smaller businesses operational and their workers paid during this uncertain time.
While there has been some criticism of the program, including reports that some funds were taken by companies that didn’t qualify as small businesses, employers can take some comfort in the knowledge that the program seems to be continuing, even as the country finds its way through this crisis.
If you’re a small business owner, you may be wondering how to take advantage of the PPP. If you previously applied to the program without success, I would encourage you to apply again. It’s possible that some of the issues that prevented money from getting to small businesses may be resolved in this latest round of funding.
Remember, if there’s anything I can do to help guide you through the process, or through this uncertain time, please don’t hesitate to reach out.
Tags: Current Events, financial advisor, Financial Help, Investing
More Insights
Jul 9, 2025
Few terms in personal finance are as important, or used as frequently, as “risk.” Nevertheless, few terms are as imprecisely defined. Generally, when financial advisors or the media talk about investment risk, their focus is on the historical price volatility of the asset or investment under discussion.
Jul 7, 2025
As Americans get their grills and beach chairs ready for the July 4th holiday, the stock market and the weather across much of the country have both been on heaters. Stocks and bonds continue to effectively navigate a complex policy landscape shaped by evolving trade dynamics, geopolitical tensions, and fiscal stimulus. The market’s resilience in … Continue reading “Market Update – America Gets Record High Stock Prices for Its Birthday”
Jun 20, 2025
Birthdays may seem less important as you grow older. They may not offer the impact of watershed moments such as getting a driver’s license at 16 and voting at 18. But beginning at age 50, there are several key birthdays that can affect your tax situation, health-care eligibility, and retirement benefits.
Jun 18, 2025
During times like these when geopolitical headlines can be unsettling for investors, we at LPL Research like to remind ourselves of one of our key investing principles. Markets have always faced challenges —ranging from geopolitical conflicts and economic downturns to natural disasters, political upheaval and health crises. These events often trigger short-term volatility and shake … Continue reading “Why Long Term Investing Beats Selling in Volatile Times”
Jun 16, 2025
Are you concerned about the inheritance taxes your heirs may have to pay? Then you may want to consider creating charitable lead trusts.
Top of Page
Services
Epic Capital provides the following comprehensive financial planning and investment management services: Learn More >
Find us on:
Copyright © 2025 Epic Capital Wealth Management. All Rights Reserved.
Securities offered through LPL Financial. Member FINRA/SIPC.
The LPL Financial representative associated with this website may discuss and/or transact securities business only with residents of the following states: CA, CO, DC, DE, FL, GA, IN, LA, MD, MO, MS, NC, NJ, NY, PA, SC, TN, TX, VA, VT, WA.