Q&A on CARES Act Loans Available to Small Businesses and Non-Profits
Posted on Apr 2, 2020
by Lora L. Zimmer
What types of loans are available? The “Paycheck Protection Program” implemented under the CARES Act allows small businesses and non-profits to apply for loans in the amount of 2.5 times average monthly payroll costs, which can then be forgiven to the extent that the loan proceeds are used for payroll, rent, mortgage interest, and utilities […]