THE CARES ACT’S PAYCHECK PROTECTION LOAN PROGRAM: Should Employers Take Out a Small Business Loan to Help with Coronavirus Financial Impact?
On March 25, 2020, the President signed into law the Coronavirus Aid, Relief and Economic Security Act (CARES Act), which is the third phase of COVID-19 economic relief legislation. The Cares Act is aimed at providing financial stimulus to individuals, businesses and hospitals in response to widespread economic distress caused by the COVID-19 (novel coronavirus) pandemic in the United States. The CARES Act is a $2 trillion stimulus package which follows the appropriation of over …
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