The Paycheck Protection Program (PPP) is a government relief financing program (spun up as part of the CARES Act) offered through SBA lenders, FDIC-insured banks, federally insured credit unions, Farm Credit System Institutions, and some non-bank lenders. The Small Business Administration guarantees eligible loans at 100% to incentivize lenders to issue these loans. PPP loans provide small businesses with funds to pay up to 8 weeks of payroll costs (including benefits), mortgage interest, rent and utilities. The loan is forgivable if used for any of these purposes. If used for other purposes, the loan will be subject to repayment over a 2-year term.