CARES Act Stimulus Will Permit Business Loans To Cover Payroll, Expand Unemployment

March 27, 2020
Source: www.fisherphillips.com
​
Benjamin Ebbink, Melissa Shimizu, Phillips McWilliams, Rick Grimaldi, Samantha Monsees, Samantha Saltzman, Stephen Mitchell, Tiffani Greene

Businesses struggling with the economic impact of the COVID-19 pandemic crisis received good news late last night when the Senate passed an unprecedented piece of legislation aimed at providing a massive stimulus to workplaces and employees alike. The centerpiece of the Coronavirus Aid, Relief and Economic Security (CARES) Act would allow small- and medium-sized businesses to receive federal loans – in some cases forgivable – to cover payroll and other expenses.
​
READ MORE (clicking will take you to an external link)