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News & Knowledge

USA: CARES Act – Navigating the loan programs

14th April 2020

To make the provisions of the CARES Act easier to understand, MSI's Florida law member Trenam Law has prepared a table to help you navigate the loan programs which lays out the three primary loan/grant programs that are available to businesses under the CARES Act.

In its latest attempt to assist the economy and specific industries during the COVID-19 pandemic, on Friday, March 27, 2020, Congress passed and the President signed the Coronavirus Aid, Relief and Economic Security Act (a/k/a the “CARES Act”).

This bill, which is 880 pages long, is complicated and covers many topics. The portion of the CARES Act that most immediately affects business, however, is the portion that provides a couple of new alternatives for SBA funding to help smaller businesses (i.e., those with 500 or fewer employees) which have been forced to lay-off or terminate some or all of their workforces or even close their doors and cease operations.

Download the table helping you navigate the loan programs of the CARES Act

About Trenam Law - Tampa

Trenam Law serves the needs of our clients in the Tampa Bay community in Florida. We have over eighty attorneys practicing in multiple practice groups, all sharing the goal of working with clients to establish cost effective, highly automated, responsive, and successful representation.

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