Episode 43 - CARES ACT Part 2 - Small Businesses

<p>Today’s episode is the Part II of a series where we’ll talk about how the recently passed CARES Act and how it applies to Small businesses.  On our last episode we discussed the provisions of the bill that applied to individuals.  You can listen to that episode at <a href='https://bautisfinancial.com/epsiode-42-cares-act-part-1-individual-relief/'>agentofwealth.com/42</a>.</p><p>The CARES Act was the mammoth $2 trillion stimulus package that was passed into law last Friday and as part of the bill, there have been a lot of funds that have been allocated to small businesses.</p><p>In this episode you will learn:</p><ul><li>Details on the three programs for small businesses under the CARES Act<ul><li>The Economic Impact Disaster Loan (EIDL)</li><li>The Payroll Protection Program (PPP)</li><li>The Employee Retention Tax Credit (ERTC)</li></ul></li><li>Answers to the questions that most people have about each program<ul><li>What are the eligibility requirements?</li><li>Do I have to personally guarantee the loan or provide any collateral?</li><li>What do the loan funds have to be used for?</li><li>Is the loan forgivable?</li><li>What’s the maximum amount of loan I can receive?</li><li>How do I apply?</li></ul></li></ul><p>Resources:</p><p>| <a href='https://bautisfinancial.com/'>Bautis Financial</a>: (862) 205-5000 | <a href='https://bautisfinancial.com/'>bautisfinancial.com</a> | <a href='https://www.uschamber.com/sites/default/files/023595_comm_corona_virus_smallbiz_loan_final.pdf'>CARES Act - Small Business Checklist</a></p>