CARES Act: Forgivable Loan Program Explained
Introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Paycheck Protection Program is a lifeline for small businesses, injecting capital just when they need it most. The program offers nearly $350 billion in federally guaranteed loans, but the hallmark is that the loans can be partially or fully forgivable, provided certain criteria are satisfied.
KSM’s experts joined representatives from First Merchants Bank and Ice Miller to discuss how the program works, who is eligible, and how to start taking advantage of the benefits it offers. Topics covered in the webinar include:
- Who is eligible
- The program’s requirements
- How loan funds can be used
- Steps to take to ensure loan forgiveness
- How to apply
Related Content
80% NOL Limitation: The New Paradigm January 27, 2023
ERC: It's Not Too Late October 26, 2022
We're Looking for
Remarkable People
At KSM, you’ll be encouraged to find your purpose, exercise your creativity, and drive innovation forward.