By Neil Hare
Updated might 18, 2020: The U.S. Treasury has simply supplied help with a harbor that is safe PPP Loans. See New Treasury Guidance Provides Secure Harbor for PPP Loans.
The federal government enacted in belated March legislation to assist small enterprises struggling with the COVID-19 crisis. The CARES Act (Coronavirus help, Relief, and Economic safety Act) offers up the option of $349 billion in small company management (SBA) loans.
You will find presently two forms of loans available: financial damage tragedy Loans (EIDL) and Paycheck Protection Loans (PPP).
The aim of the federal federal government would be to get these loans to the fingers of company as fast as possible. But there has been delays in applying the procedures for issuing these loans. Read More “Where’s the funds? The Top Ten Faqs About CARES Act Loans”