On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act (the “Act”). The purpose of the Act is to provide emergency assistance for individuals, families, and businesses affected...more
The Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") adds $100 billion to the Public Health and Social Services Emergency Fund to reimburse hospitals and health care providers for expenses and lost revenue...more
One of the most highly anticipated elements of relief in the CARES Act is the partially forgivable payroll protection loan for small business....On April 2, 2020, the US Small Business Administration (SBA) issued interim...more
On Friday, March 27, 2020, the U.S. House of Representatives voted to approve the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) submitted by the Senate, and President Trump just signed the bill.The bill...more
4/3/2020
/ Airlines ,
Automotive Industry ,
CARES Act ,
Credit Reporting Agencies ,
Financial Services Industry ,
Healthcare Facilities ,
Hospitality Industry ,
Loans ,
Mortgages ,
Private Equity ,
Restaurant Industry ,
Student Loans ,
Tax Credits ,
Tax Deferral
What is a PPP loan?
On Friday, March 27, 2020, the President signed the CARES Act into law. The bill provides for $2.2 trillion in emergency aid to ease the financial impact of the COVID-19 crisis, including $349 billion...more