from Hacker News

It's called a loan, but really it's free money since the loan will be forgiven if you don't reduce your payroll over the next 8 weeks.

Because of expected volume, banks will only process loans for companies who already bank with them, so I highly encourage you to work with you bank on this. We also expect the money to run out quickly, so this is not something you want to wait on.

Gusto can provide PPP reports that you can take to your bank to streamline the loan process.