How Does the CARES Act Help Businesses Access Needed Capital?
We are all being impacted in one way or another by thecurrent COVID-19 (coronavirus) pandemic running around the world. If you are running a business and you findthat the impact is more than the business can handle with its own resources,you should know about the resources available. The Coronavirus Aid, Relief, and Economic Security Act (the “CARES” Act) was signed into law by President Trump on Friday, March 27,2020. This act was an effort to provideassistance to individuals, businesses, and health care providers in response tothe outfall of the health pandemic and its economic consequences. The actual text of H.R. 748 can be found at the followinglink: https://www.congress.gov/bill/116th-congress/house-bill/748/text?q=%7B%22search%22%3A%5B%22hr748%22%5D%7D&r=1&s=2 There are many important provisions of the CARES Act,addressing matters such as unemployment, health care, and other matters. The purpose of this article is to summarize capitalissues a...