Useful CARES Act Resources
Fri April 3, 2020
The CARES Act
With the passage of the CARES Act last week there are multiple provisions to keep your business open and employees paid. The U.S. Small Business Administration (SBA) is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus.
This section is for members who wish to apply for a loan under the Payroll Protection Program. As part of that application process you may be required to provide payroll documentation. If you have received direction from your bank regarding what specific payroll data they are requiring, please pass that on to your processor. More details regarding the Payroll Protection Program can be found at the US Dept of the Treasury website HERE.