The Cares (Coronavirus Aid, Recovery And Economic Security) Act

 The United States Congress has passed a $2 trillion emergency aid bill known as the Coronavirus Aid, Recovery and Economic Security (“CARES”) Act. This legislation provides significant tax and non-tax stimulus to individuals and businesses. Importantly for small businesses, the law provides for forgivable SBA loans to eligible businesses to help with payroll and other permitted uses. Please click here for a brief summary of key provisions, based upon the best information currently available (as of March 27, 2020).