Businesses are applying for the Paycheck Protection Program by the thousands. The Administration reports that as of April 29, $52 billion in loan requests have been approved. The Treasury Department and Small Business Administration released additional guidance for PPP’s review procedure, final rule on disbursements, FAQs (question 37) and more. NADA urges dealers to review these items carefully.

For an overview of the loan program, visit Top-line Overview of PPP and the SBA’s Paycheck Protection Program Loan Report.