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Editor’s Note: This is part two in a two-part show on the CARES Act.
Provisions made to gain businesses with lower than 500 workers, for instance the Paycheck Protection Program, had been described in component certainly one of this series that is two-part the CARES Act. Component two explores brand new loans for organizations with 500 to 10,000 workers, together with the unemployment that is new taxation benefits.
Solicitors for Akin Gump Strauss Hauer & Feld LP, centered on Washington, D.C., offered a summary of the loans and advantages within a webinar a week ago sponsored because of the nationwide automated Merchandising Association.
An extra $454 billion allocated
Aside from the SBA loans described to some extent certainly one of this show, the CARES Act appropriates at the least $454 billion towards the U.S. Treasury to aid direct lending programs for qualified «mid size» companies, states and municipalities, lawyer Brendan Dunn stated throughout the webinar.
The direct financing loans for mid-size companies will undoubtedly be much bigger as compared to SBA loans plus they are maybe maybe not made to be forgivable, he explained. Читать далее