The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27th, 2020. The CARES Act was designed to be an economic relief bill to help keep qualifying small businesses afloat during enforced COVID-19-related closures, boost vital industries, and aid American adults and families.
The CARES Act includes a Paycheck Protection Program (PPP) which authorizes federally guaranteed loans to qualifying small businesses. The U.S. Chamber of Commerce has issued the guide below to help small businesses and self-employed individuals prepare to file for a loan.
Trouble viewing? Click here.023595_comm_corona_virus_smallbiz_loan_final_revised
Please contact your Lurie advisor for guidance on your specific situation.
This article is for your general education, and does not create a client relationship or any service engagement between you and Lurie LLP. The content of this article is based on the best information available, but official guidance, rules, laws and/or updates may change and become out of date. Please contact your Lurie advisor before acting on any of the information contained in this article.
We may provide links to third-party sources for your convenience, but we do not review, control, or monitor the materials on any other websites. Lurie LLP is not responsible for the performance of those websites or for your business dealings with them.