Attorneys from Bradley provide practical advice and answer questions about how the CARES Act fiscal stimulus package may impact your business.
- Congress is working on implementing their existing stimulus efforts and are also working on additional stimulus packages.
- SBA guidance on the PPP loan program is developing and changing frequently—applicants and borrowers should continue to monitor SBA guidance.
- 75% of the loan proceeds must be used for payroll costs.
- Businesses should continue to identify new and additional areas of need, as Congress and the administration are actively seeking input on their stimulus efforts.