We have reported previously on the small business-focused Paycheck Protection Program in the CARES Act. NAW and our association colleagues have been urging the Treasury Department and Small Business Administration (SBA) to get this loan program activated as quickly as possible – and more quickly tha
While the SBA Paycheck Protection Program was launched today – to very mixed reviews – details on the Economic Stabilization Act program to provide loans to companies with 500-10,000 employers have still not been released. It is not yet clear whether this program will entail a direct lending program
As you know the CARES Act has multiple government programs businesses may be able to take advantage of (we cover the mandated leave programs separately). Many of the business-specific component parts of the CARES Act interact, overlap or conflict with one a
Today, the U.S. Department of the Treasury and the Internal Revenue Service are offering small and mid-size employers more information on refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing their employees paid sick and family leave wages related to COVID-19.
The Small Business Administration and Department of Treasury have just released a joint statement that they “have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need.” Further, “Treasury and the Small Business Administ