Borrowers and lenders have been waiting – and hoping – for some flexibility in the federal Paycheck Protection Program. On Wednesday, the U.S. Senate gave it to them.
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06/04/2020
The Coronavirus Aid, Relief, and Economic Security (CARES) Act recently signed into law provides a one-time payment, among other items, to individuals to help ease the economic strain caused by the coronavirus epidemic.
Click here for the details of the stimulus payment initiative.
As part of the CARES Act, and administered by the SBA, will provide a loan up to $10 million for payroll and other expenses. The program will provide funding to qualified small businesses as well as certain non-profit organizations.
Read the full description and find the application here
As provided under the legislation, the U.S. Department of Labor will be issuing implementing regulations. Additionally, as warranted, the Department will continue to provide compliance assistance to employers and employees on their responsibilities and rights under the FFCRA. Read more
Congress has passed the CARES Act to help combat the impacts of COVID-19. Below is an initial summary of key employee benefits provisions. More details will be coming but we want to make you aware of these provisions and options as soon as possible. Read more
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