COVID-19 CARES Act Guidance FAQ (Titles I and IV)
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On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) into law providing approximately $2 trillion in assistance to individuals and businesses during the COVID-19 pandemic. The CARES Act includes a new loan program called the Paycheck Protection Program – administered through the Small Business Administration (“SBA”) – that provides up to $349 billion in 100% federally-backed loans to eligible employers.
Click here to find out everything you need to know about Titles I and IV of the CARES Act. For information, on Titles II and III of the CARES Act, click here.
