Watch: Making Sense of the CARES Act and the PPP
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Since the CARES Act was passed into law March 27, there’s been a lot of confusion around how it will work in practice – particularly the Paycheck Protection Program (PPP) component aimed at small business. We’ve been keeping tabs on the latest PPP news as it develops.
On April 8, Pilot’s CEO and co-founder Waseem Daher sat down with Lewis Hower, Managing Director, Startup Banking at Silicon Valley Bank to host a live event on the PPP, and everything we currently know about it.
Waseem and Lewis covered some of the biggest questions around the PPP for startups:
- Qualification, including potential issues for VC-backed companies
- Loan amounts, and how calculating eligible payroll may be complex
- What we do and don’t know about loan forgiveness
- Q&A from attendees