UPDATED MAY 13, 2020: The FAQs were just updated to include a new FAQ #46 regarding the good faith ‘economic necessity’ certification. This should give many borrowers more comfort in moving forward with their loans....more
The CARES Act provides several programs to assist small businesses impacted by the COVID-19 pandemic, including favorable loan terms, significant temporary tax breaks, and employee retention credits. Below are key terms of...more
The COVID-19 novel coronavirus pandemic (“COVID-19”) threatens to devastate businesses worldwide, and U.S. small businesses are no stranger to this threat. The CARES Act—a $2 trillion stimulus package—may provide some relief...more
Relief for Small Businesses -
The federal CARES Act, if enacted in its current form, would contain several provisions which are intended to provide assistance and resources for small businesses impacted by the current...more