The CARES Act and COVID-19: What You Need to Know
The Business Credit and Financing Show · Ty Crandall
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Show Notes
During this Livestream, you will discover … ✔️Why you need to move FAST to get these loans ✔️ How your business can use the loans covered by the Act ✔️ What the CARES Act Fiscal Stimulus Plan is all about ✔️ How emergency loans to distressed businesses really work ✔️ What sort of paid leave employers must provide ✔️ How the Paycheck Protection Program works ✔️ How your business can have eligibility determined ✔️ Where the money comes from ✔️ The details on loan rates, amounts, and terms ✔️ What payroll costs do and do not include ✔️ Whether you need to pay fees or provide a personal guarantee ✔️ How to qualify for payment deferrals and loan forgiveness ✔️ How the amount of loan forgiveness can be reduced ✔️ How the SBAs Economic Injury Disaster Loans work ✔️ Which businesses can qualify for Economic Injury Disaster Loans… ✔️ … and which do not ✔️ The particulars of how much you can borrow, the terms, and interest rates ✔️ Collateral requirements for loans ✔️ How you can apply