A copy of H.R. 266, The Paycheck Protection Program and Health Care Enhancement Act, is seen before it is signed in the Rayburn Room of the U.S. Capitol in Washington, D.C., on April 23, 2020. Photo: Sarah Silbiger/Bloomberg
The loans are to help businesses financially affected by COVID-19.
July 07, 2020 at 02:35 PM
1 minute read
Several New Jersey law firms received millions of dollars through the Paycheck Protection Program, according to data made public Monday.
The program was established as part of Congress’ Coronavirus Aid, Relief and Economic Security Act to help businesses continue paying their employees during the COVID-19 pandemic. The program offers forgivable low-interest loans to allow recipients to pay payroll and other costs.
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