Understanding the CARES Act Webcast
The federal government’s $2 trillion economic stimulus bill can help your company survive.
But you have to understand NOW what’s in it for you and how to apply for funds. This bill is a game changer for many small businesses, but only if you act soon.
In this webinar attendees heard from a panel of experts who explained the Payroll Protection Program section of the overall CARES Act, a $367 billion dollar fund largely aimed at helping small businesses maintain a steady payroll during this virtual shut down of our economy due to the COVID-19 crisis.
The government’s intentions are clear – they are trying to stem the massive tide of layoffs by providing direct funding to cover company payrolls and health care benefits for an 8-week period. There are a number of details and guidelines, but the bottom line is that if you play by the rules, the bulk of the funds, and potentially ALL the funds you borrow under this program will be forgiven.
In this session you’ll learn:
• How the bill is intended to help small businesses.
• How the loan program works for different size firms.
• Insurance considerations related to CARES Act.
• How to apply.
• What are the risks and rewards?
• The details of what’s forgivable and what’s not.
This program is brought to you by Davis|Kuelthau, s.c. and The Horton Group, in partnership with U.S. Small Business Administration.
Additonal Resources provided by our sponsors
Davis|Kuelthau, s.c. offers an array of innovative legal solutions to corporate, public, private and individual clients that range from small, midsized institutions to large municipalities and corporations. To help companies mitigate and manage risk during this unprecedented era, D|K has organized a multidisciplinary team to monitor and address the vast range of regulatory, litigation and transactional challenges faced by companies. Our daily summaries and webinar guidance are located at:
Paycheck Protection Program Loans Frequently Asked Questions (as of April 8, 2020)
The Horton Group is an insurance, employee benefits and risk advisory firm. We lead clients with complex needs and limited resources to a higher level of performance – driving down cost, workload, and risk. Our COVID-19 Employer Resource Center offers quick links to key Government Agencies, Local Governments, Medical / Ancillary Carrier Updates, and Industry Associations.
For detailed information on SBA programs for the coronavirus, visit www.sba.gov/coronavirus and for information on all federal programs, visit www.usa.gov/coronavirus or www.gobierno.usa.gov/coronavirus (en Español)
Interested in sponsoring a webinar? To reap the benefits of the ultimate virtual marketing opportunity contact Linda Crawford, Director of Sales, to discuss opportunities. Webinar sponsorships are limited.