News April 23, 2020
Navigating the CARES Act
In this in-depth webinar, we explore how small-business owners can take advantage of the various loans, grants and tax credits outlined in the coronavirus relief bill.
Back in March, Congress passed the $2.2 trillion CARES Act, which included a handful of relief programs to help the American people weather the economic shutdown caused by the coronavirus pandemic. Small businesses rushed to take advantage of the forgivable loans and emergency grants created through the law.
Both the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) advances were depleted in a matter of weeks, but Congress passed a new $484 billion law this week to replenish both programs.
With new guidance from the federal government being released almost daily, these loan and grant programs can be confusing to navigate. In this webinar, Thomas Vaughn, Alexis Schostak and Asel Lindsey, all three lawyers with Detroit firm Dykema Gossett, share expert advice on who should apply for the PPP and the EIDL, what you should do to ensure your PPP loan is forgiven once you receive it, and much more.