CARES Act Part 2 – Government Stimulus to Small Business, Non-Profits, Self-Employed

CARES Act Part 2 – Is the Government Giving Money to Small Business, Non-Profits, Self-Employed?

 

Covid19 has resulted in monumental government action. In March the Federal Government enacted the CARES Act. Learn what it means to small businesses, non-profits, and self-employed in this 35 minute video. We talk about size and scope, rebate checks, unemployment, EIDL, paycheck protection program, tax credits and others.

 

 

UPDATE: Paycheck Protection Program

  1. Applications for this emergency federal loan for small businesses has been extended to August 8.
  2. The amount of the loan that was to be dedicated to payroll for forgiveness dropped from 75% to 60%, thus increasing the amount of the money for other expenses from 25% to 40%.
  3. Initially requiring businesses to spend the funds in the eight-week period from the date funds were received, the timing has been extended to 24 weeks.
  4. Initially ending on June 30th, the covered period of the PPP loan now ends Dec. 31.

Have questions about your finances? Care about the climate crisis? Schedule a meeting today to learn how our financial planning and sustainability-focused investment plans can help.

 

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