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CARES Act Small Business Loan

May 24, 2022

CARES Act Small Business Loan

Grant, Konvalinka and Harrison, P.C. continues to provide their clients with the most up-to-date information regarding the CARES Act. Please find below links to information sheets for Lenders and Borrowers and for Forms you and your business can use to access the loans made available from the U.S. Treasury Department.

ASSISTANCE FOR SMALL BUSINESSES

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

For a top-line overview of the program CLICK HERE

If you’re a lender, more information can be found HERE

If you’re a borrower, more information can be found HERE

The application for borrowers can be found HERE

John Anderson is a Partner at Grant, Konvalinka & Harrison, P.C. where he provides strategic counsel to small and medium sized businesses and individuals. He can be contacted at 423-718-8229 or 423-752-0557 or janderson@gkhpc.com. This blog is not intended to create an attorney/client relationship or provide legal advice. Please contact the author if you have any questions or comments regarding the subject matter.

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