In March 2020, The Coronavirus Aid, Relief, and Economic Stability Act (CARES) allocated $349 billion to the Paycheck Protection Program (PPP) to help fund small businesses with the goal of preventing job loss and failures. Less than a month later Congress increased the program by $310 billion. The program allows for 100% forgiveness of the loans as long as they are used for specific purposes, including expenses such as rent and payroll.