CARES Act and SBA loans: How businesses can leverage loan relief

With the uncertainty and fear amongst business leaders everyday, President Trump passed the Coronavirus Aid, Relief and Economic Security (CARES) Act last week and provided the much needed relief to individuals and businesses.

A new provision of the bill, the Payment Protection Program (PPP) is something a lot of business owners and leaders are struggling to understand and are unable to take advantage of.

https://www.vistage.com/research-center/business-financials/20200331-cares-act/

This elaborate article simplifies the PPP program and gives a neat breakdown of how it works, how loans are calculated, how to apply, etc. It’s something that every business owner and leader should read, given the current situation.

Don’t forget to go through the experts do’s and don’ts at the end.

I’m sure they will prove to be useful and answer some questions that you might have.