Demystifying the CARES Act Webinar - April 3, 2020 CARES Act Webinar – BD 4.3.2020 | Page 18

PAYCHECK PROTECTION PROGRAM
(PPP)
Payment deferral for first six months, including
interest, principal, and fees. Interest will
continue to accrue during deferral period.
No personal guaranties required for PPPL.
However, if the proceeds are used for
fraudulent purposes, the U.S. government will
pursue criminal charges.
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