CARES Act Small Business Provisions – UPDATED April 3, 2020

On March 27, 2020, the Congress approved and the President signed into law the CARES Act, which provides relief for both individuals and businesses affected by the COVID-19 situation’s impact on the economy. The document provided at the link below is a summary of the portions of this Act that directly affect business cash flow and finances.  The document includes coverage of these major topics:

  • The New SBA Business Interruption Loan/Payroll Protection Program (including what you should be doing now)
  • Subsidies for Existing SBA Loans
  • Payroll Tax Provisions
  • SBA Economic Injury Disaster Loans
  • Possible Concessions for Existing Loans

Please review the information provided in the document and contact SSEG with questions and discussion of how the CARES Act affects your particular situation.

CARE Act Small Business ProvisionsREVISED 04/03/2020

**This information is offered for discussion, marketing and news purposes and is not intended to constitute legal advice.**