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NEW: SMALL BUSINESS LOAN PROGRAMS UNDER THE CARES ACT
As nearly all small business owners know by now, the federal government has provided a substantial amount of financial relief earmarked for small businesses in the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act signed into law by President Trump on March 27. Among other relief, the CARES Act provides an unprecedented $349 billion in forgivable (you don’t have to repay them) loans allocated for small businesses in the United States on a first-come, first-serve basis through June 30, 2020.
Some of the parameters of these programs are uncertain at this time, as the federal government and private lenders are issuing new guidance on a day-by-day basis. Attorneys at Lacy, Price & Wagner are available to assist small businesses and nonprofits in navigating these sometime confusing eligibility and application requirements. If you have additional questions or need assistance with any of these programs, please contact us by phone (865-246-0800) or through our website at www.lpwpc.com.
The coronavirus relief bill enacted Friday includes direct cash payments to help people through the crisis — but one red flag that can cost otherwise eligible Americans money is owing past due child support.
Order continuing suspension of in-person court proceedings and extension of deadlines:
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Lacy, Price & Wagner, P.C.
249 N. Peters Rd., Suite 101, Knoxville, TN 37923, US
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