cares act

CARES Act – Paycheck Protection Program and SBA Economic Injury Disaster Loan (EIDL) – Loan Forgiveness and Advances

On Friday, March 27, in response to the devastating impact of the COVID-19 pandemic on the U.S. economy, Congress passed, and President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act (“Act”). Included in the Act was an appropriation of $350 billion for the Paycheck Protection Program (“PPP”). The PPP component of the [...]

2020-04-01T20:05:28-04:00March 30th, 2020|COVID-19, DISASTER RECOVERY, SMALL BUSINESS|

Economic Injury Disaster Loans

The Coronavirus Aid, Relief, and Economic Security (CARES) Act has expanded the Small Business Act’s (SBA) Emergency Economic Injury Disaster Loan (EIDL) grant program to allow small businesses, who are suffering economic harm due to COVID-19, access to loans and provided them with $10 billion in funding to support this program. EIDL loans are made [...]

2020-03-28T14:43:59-04:00March 28th, 2020|COVID-19, SMALL BUSINESS|

Main Street Lending: Introduction to the Paycheck Protection Program

One of the most notable parts of the CARES Act is the opportunity for loan forgiveness through the Paycheck Protection Program. What is it? How much can I get? Is it all “free?” How do I apply? To help you separate fact from fiction, we wanted to touch upon a few key pieces of the [...]

2020-03-30T11:02:23-04:00March 27th, 2020|COVID-19, SMALL BUSINESS|

CARES Act, Division A – Small Business Assistance – Keeping Workers Paid and Employed Act

Small business employers have been impacted especially hard by the unprecedented fallout of the COVID-19 pandemic as many businesses have been forced to temporarily close, change their service delivery methods, and incur additional expenses or reduced revenues. As these entities now grapple with the reality of dealing with these new economic conditions, congress provided relief [...]

2020-03-28T14:02:01-04:00March 26th, 2020|COVID-19, SMALL BUSINESS|

CARES Act, Division C – Assistance to Severely Distressed Sectors for the United States Economy

As you look at the economic landscape of the United States today, it is much different than it was just a short time ago. Markets are unstable. Businesses are closing or radically changing their service delivery methods. School facilities have closed. Employees and customers are coping with orders to shelter-in-place or maintain appropriate social distancing. [...]

2020-03-27T16:52:32-04:00March 25th, 2020|COVID-19|