The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or “Act”) that was passed last week and signed into law by President Trump on March 27, 2020 include provisions related to Small Business Administration (SBA) Loans. The highlights of the new SBA Loan provisions are provided below. This is an evolving area and we will provide updates as the Treasury and SBA continue to release information. The Department of the Treasury and the SBA released the following additional guidance on the Paycheck Protection Program (PPP) last night, Thursday, April 2, 2020. Please click on the U.S. Department of Treasury link below for the documents.
Highlights of the Paycheck Protection Plan are found by clicking on the following link: Paycheck Protection Plan
PPP Loan Calculator (Open Download)
U.S. Department of Treasury Documents
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- U.S. Department of Treasury
- CARES Act
- Small Business Act
- Small Business Administration