The Cares Act expanded the existing SBA Economic Disaster Loan Program The SBA Economic Injury Disaster Loan is also available to small businesses and non-profit organizations that suffer economic injury as a direct result of a declared disaster. This includes but not limited to retailers, restaurants, owners of rental property, wholesalers and others. This loan…
What is the Paycheck Protection Program? On March 27, The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by the house of representatives and then signed into law by the President. The Cares Act provides $2 Trillion in emergency financial assistance to individuals, small businesses, large corporations, hospitals, health centers, state, and local…
Small and medium-sized employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing coronavirus-related leave to their employees. This relief to employees and small and midsize businesses is provided under the Families First Coronavirus Response Act (Act), signed into law…