Applying for the Paycheck Protection Program? Here’s what small businesses need to know
April 3, 2020
Types : Bylined Articles
Who is eligible? What are the terms? What can it be used for? Will any portion of the loan be forgiven? And how do you apply? Two lawyers from Montgomery McCracken Walker & Rhoads LLP explain.
On Friday, March 27, President Trump signed into law the highly anticipated Coronavirus Aid, Relief and Economic Security Act (aka the CARES Act). The CARES Act is a $2.2 trillion stimulus plan issued in response to COVID-19 and designed to aid individuals and businesses while the nation navigates these unprecedented times.
Montgomery McCracken attorneys are available to assist with applications and have been assisting clients with numerous issues related to COVID-19. Montgomery McCracken’s COVID-19 Resource Center is available here.