COVID-19 Relief Legislation **Attention Business Clients** Summary of Cares Act

The new law includes Corporations, Partnerships, Sole Proprietors and Certain Non- Profits. Applies to all businesses with fewer than 500 employees. There are 2 basic SBA loans that business can apply for. You are NOT allowed to file for both due to concerns of double dipping. Paycheck Protection Program (PPP)—Apply through Local lenders. a. Provides …