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Payroll Protection Program applications now available
Friday, April 3, 2020
Monday, May 1, 2023
The Paycheck Protection Program authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone.
The loan amounts will be forgiven as long as:
- The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the eight-week period after the loan is made; and
- Employee and compensation levels are maintained.
Latest Posts
Backstretch Heroes Save Jockey Agent Simon Purdy
The entire Maryland racing community showed its true character today on the backstretch at Laurel Park when quick action from horsemen and officials saved the life of jockey agent Simon Purdy.
THA Hosts Backstretch Workforce Webinar - Sept 29
The Thoroughbred Horsemen’s Association (THA) will host an important Backstretch Workforce Topics Webinar on Monday, September 29 at 11:00 a.m. This timely session will focus on I-9 audits, legal risks, and workforce enforcement issues that directly affect employers in the racing industry.
