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Showing 2 posts in Coronavirus Aid, Relief and Economic Security Act.

New Guidance on Change of Ownership Issues for PPP Loans

Posted In CARES Act, Coronavirus Aid, Relief and Economic Security Act, Corporate, Payroll Protection Program (PPP), Small Business Administration (SBA)

Under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, small businesses around the nation have received Paycheck Protection Program (“PPP”) loans to stay afloat during the pandemic, but the rules regarding these disbursements haven’t always been so clear. On October 2, 2020, the Small Business Administration (“SBA”) issued guidance to all SBA employees and PPP lenders to clarify the requirements around the ownership of businesses receiving PPP loans. More >

The CARES Act – What You Need to Know about Relief Now Available for Businesses

Posted In Coronavirus Aid, Relief and Economic Security Act, Corporate, COVID-19, Small Business

With the passage of the Coronavirus Aid, Relief and Economic Security Act, or CARES Act, businesses received a dose of much-needed relief in the form of tax payment deferrals and loan programs. In this post, we’ll take a look at both the previously established EIDL Program and the Paycheck Protection Program. More >

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