The $2.2 Trillion CARES ACT – WHAT YOU NEED TO KNOW!

Mar 29, 2020

$2.2 Trillion CARES Act Provides Relief To Small Businesses

On Friday, March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act of 2020 (or “CARES” Act) (Pub. L. No. 116-XXX) (H.R. 748). The Act provides more than $2 trillion in emergency economic relief for businesses, families and individuals affected by the coronavirus pandemic (COVID-19)—the largest stimulus or rescue package in American history. The Act represents the third piece of legislation intended to help families and companies impacted by COVID-19.

Below is a breakdown of the $2 trillion price tag and highlights of potential economic relief opportunities for U.S. businesses (including small and mid-sized businesses) if the bill is signed into law.

$500 Billion in Emergency Relief Funds for Larger U.S. Businesses, States and Municipalities

$367 Billion in Emergency Relief Loans to Small and Mid-Sized Businesses

$10 Billion Economic Injury Disaster Loan (EIDL) Program

 

Is Now the Time to Buy a Business?

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Is Now the Time to Buy a Business? If you’re considering buying a business, read these bookkeeping tips to learn how to evaluate the financial health of a business before you buy. Whether you are an entrepreneur looking for a potentially lucrative investment, are a pragmatist seeking a recession-proof source of income or have decided the current […] The post appeared first on Cardinal Business Financing, Inc..

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U.S. CEOs Have High Confidence in Economic Outlook CEOs expect improvement in the labor market over the next year. The outlook for employee wages also improved, while the potential for layoffs receded, according to the report. Corporate leaders are more upbeat about the U.S. economy than at any time in the past 17 years, according […] The post CEOs HAVE HIGH CONFIDENCE IN ECONOMIC OUTLOOK appeared first on Cardinal Business Financing, Inc..

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