See Additional Updated Information on the CARES Act and PPP Loan here.
On Friday, March 27 (Enactment Date), in response to the coronavirus (COVID-19) pandemic, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was passed by Congress and signed by President Trump. This alert summarizes the certain loan programs and other relief available to businesses under the CARES Act. As we continue our review of the CARES Act, we will provide a more detailed advisory on this topic in the Corporate and Business section of our COVID-19 Insights page.
Loans Available to Small Businesses (Paycheck Protection Program or PPP)
Loans Available to Larger Businesses
Additional Relief for Businesses
For more Day Pitney alerts and articles related to the impact of COVID-19, as well as information from other reliable sources, please visit our COVID-19 Resource Center.
COVID-19 DISCLAIMER: As you are aware, as a result of the COVID-19 pandemic, things are changing quickly and the effect, enforceability and interpretation of laws may be affected by future events. The material set forth in this document is not an unequivocal statement of law, but instead represents our best interpretation of where things stand as of the date of first publication. We have not attempted to address the potential impacts of all local, state and federal orders that may have been issued in response to the COVID-19 pandemic.
Day Pitney Data Privacy, Protection and Litigation chair William Roberts authored an op-ed with CBIA's President and CEO Chris DiPentima titled "Here Are Preemptive Measures to Limit a Cyberattack's Damage to Your Business," for the Hartford Business Journal.
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