Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020. The US Small Business Administration (SBA) received funding and authority through the Act to modify existing loan programs and establish new loan programs to assist small businesses nationwide that were adversely impacted by COVID-19. One of these new loans, the Paycheck Protection Program (PPP), provides a direct incentive for small businesses to keep their workers on the payroll. Issued by the SBA, PPP loans will be forgiven if you adhere to strict guidelines.