Published March 30, 2020. This post describes CARES Act SBA loan programs as they existed at that date. Those programs are closed. Do not treat the eligibility discussion, the document list, or the invitation to schedule a consultation as a current offer.
If you are looking for current federal-funding or nonprofit-finance help, contact the firm or read the Insights.
In response to the current Coronavirus situation, President Trump signed into law the CARES Act, which among other things, brings several relief measures to businesses with less than 500 employees including independent contractors, corporations, and nonprofit organizations. Some of the stimulus appropriated for small businesses include assistance in:
- Payroll and related expenses
- Mortgage Payments
- Rent
- Debt service
- Utilities
- and more.
Navigating the requirements may be complex. With adequate compliance, in many cases, some of the loans provided through the CARES Act are 100% forgivable. The relief provided is limited and on a first come first serve, for which we encourage swift action. If you own a business, are part of a nonprofit organization or are an independent contractor, we invite you to schedule a free consultation with us at our contact form to see if you qualify. We are here to guide you through the steps to benefit from Coronavirus relief through the CARES Act.
Published March 30, 2020. Insights are general information, not legal, tax, or audit advice. Rules change — check the date on this page and confirm the current text of the rule before you rely on it. See Terms of use.