Navigating the Stimulus Programs

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Important Change that may have immediate impact on your next step(s) as a business and leader.
"The CARES Act made the $10,000 grant available to any qualified applicant, whether they get approved for a loan or not. But the S.B.A. appears to be imposing an additional restriction: A spokeswoman said that the amount available to any individual business will be determined 'based on the number of predisaster employees.'

The agency did not respond to questions about how the formula will work. A message posted on the website of Senator Brian Schatz, Democrat of Hawaii, a member of the Senate Banking Committee, said the S.B.A. had limited the advance and was providing $1,000 per employee for up to 10 employees."

https://www.nytimes.com/article/small-business-loans-stimulus-grants-freelancers-coronavirus.html

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Johnnie Lloyd

2 months ago

Looking for who is eligible or not, what actions you need to take for Economic Impact Payment from the IRS perspective? Check out this link: https://www.irs.gov/coronavirus/economic-impact-payment-information-center

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Johnnie Lloyd

2 months ago

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