We have been greatly affected by the recent Coronvirus crisis. As we struggle to maintain our businesses amidst the chaos, our President has dedicated $50 billion from the $2 trillion CARES ACT just for small business owners.
After reading the CARES bill from Congress and speaking to my CPA and bankers, this is my perspective, only. You will, of course, want to talk to your financial advisor. But ultimately, your banker will be the one interpreting the rules from the SBA about the potential forgiveness and plan.
If you have a small business and you are in need of assistance, this loan which can turn into a grant is one heck of a deal. For the full bill, read it here.