The below information has been updated since it was originally published under the title “Congress Poised to Pass Massive Loan Program for Small Businesses – What You Need to Know”. We will release further updates as the SBA...more
4/2/2020
/ Business Closures ,
Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Federal Loans ,
Financial Stimulus ,
Lenders ,
Paycheck Protection Program (PPP) ,
Payroll Taxes ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief ,
Unemployment Insurance
By now most banks have been alerted to the fact that a significant part of the Coronavirus Aid, Relief and Economic Security Act (“CARES ACT”), is comprised of the Paycheck Protection Program (PPP), which was signed in to law...more
The Senate passed H.R. 748, the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) late Wednesday, March 25, 2020. Among other stimulus relief, the CARES Act authorizes $349 billion in partially forgivable...more