Is relief available for businesses with pre-existing SBA loans?
Yes. The SBA will pay the principal, interest, and associated [...]
Does the CARES Act affect any other loans available to small businesses?
Yes. The maximum loan amount for an Express Loan is [...]
How does a business apply for a loan under the Paycheck Protection Program?
We expect additional guidance from the SBA regarding how to [...]
What are the loan forgiveness requirements?
Borrowers are eligible for loan forgiveness for 8 weeks commencing [...]
How are loans made under this Program different from traditional 7(a) loans?
Unlike traditional SBA 7(a) loans, no personal guarantee will be [...]
What can a business use Program funds for?
Payroll costs, including compensation to employees; payments for vacation, parental, [...]
What is the maximum loan amount that a business can receive through the Paycheck Protection Program?
Each business can receive the lesser of $10 million or [...]
What businesses qualify for the Paycheck Protection Program?
According to the language of the bill, generally, any business [...]
