Will your business qualify for this round of Paycheck Protection Program funding?Will you get the help you need? I put together this short video to cover some common questions you may have about the CARES Act and to find out how your business might obtain funding. This video was filmed April 14th in response toContinue reading “CARES Act Webinar”
Tag Archives: CARES Act
SBA Provides $349 billion Boost To Small Businesses
On March 27, 2020 the president signed into law the CARES Act that provides, in part a $349 billion boost to small businesses. The economic boost is provided in the form of forgivable loans in which the government will pay for eight weeks of payroll costs plus 25%, up to $10 million. If qualified, theContinue reading “SBA Provides $349 billion Boost To Small Businesses”
What is the CARES Act Sec 1101 Maximum Loan Amount?
Question: What is the maximum loan amount available to my small business (<500 employees) under the government rescue package? Answer: The CARES Act provides loans to small businesses up to $10 million. To determine how much your business is eligible for, you must average your monthly payments for the year preceding the loan date forContinue reading “What is the CARES Act Sec 1101 Maximum Loan Amount?”