News
News related to "paycheck protection"
Choose an article below to learn more about this topic.
CARES Act Expands Federal Small Business Loans, Can Support Aging Services
On April 1, 2020 by Roni Falck
About $350 billion of the $2 trillion economic stimulus package signed into law last week are directed to provide loans to small businesses, with the opportunity for loan recipients to receive forgiveness and not have to repay the amount borrowed. On April 3, smaller 501c(3) organizations will be able to access these funds. This article provides a summary of the provisions and guidance for borrowers and lenders.