Watch: Making Sense of the CARES Act and the PPP
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
You can view the recording here. To stay informed on the latest news on PPP and other tools to manage the current economic situation, visit our resource page at pilot.com/covid-guide-for-startups.