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From my article on Entrepreneur.com 

The SBA Paycheck Protection Program (PPP) is the most significant small- relief effort in modern history. A key component of the $600 billion-plus (and counting) stimulus rollout is that beneficiaries can have their loans forgiven so long as they use the funds for qualifying expenses, which can include , rent, mortgage interest and utility payments.

The program was extremely popular in round one, and the initial $350 billion in  was claimed in only 13 days. The SBA began approving an additional $310 billion from the second round on April 27, but as of May 10, only $120 billion in funding remained. (A good chunk of which is owed to dozens of publicly traded companies having returned multi-million-dollar loans.)

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