Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”)

April 1, 2020

The Federal Government signed into law the CARES Act to help small business owners who are financially affected by COVID-19. The CARES Act offers loans to small business owners and the loan may be forgivable if the borrower uses it to pay certain expenses (i.e. payroll, utilities, rent).  Please see our fact sheet for more detail on the who is eligible, detailed list of expenses that would be eligible for debt forgiveness, calculation of the loan amount, and documents needed to apply for the loan.