Help Needed Now
Informa passed along vital information today to any small businesses who’ve suffered devastating affects from COVID19, it’s found the Paycheck Protection Program, which is part of the $2 Trillion Stimulus Package called the C.A.R.E.S. Act (Coronavirus Aid Relief Economic Security) passed by Congress and signed by President Donald Trump last week.
The PPP authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during COVID19, it covers all overhead of a small business, including employees for 8 weeks, each employee at a $100,000 cap, and loan pays are deferred for 6 months.
Small businesses and sole proprietors can start applying today for loans while independent contractors and self-employed individuals can start applying on April 10 at the Small Business Association government website, both profit and nonprofit businesses are able to apply.
Informa in all ways possible has provided vital webinars about what to do during COVID19, as well as support those who aid in the effort against COVID19.