Relief Available to Contractors Under the CARES Act

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides several programs, such as the Paycheck Protection Program (PPP), a forgivable loan, and the U.S. Small Business Administration’s (SBA) low-interest federal disaster loan program, which are a lifeline for small businesses and inject capital just when it’s needed most.

KSM experts joined a representative from First Merchants Bank to discuss various relief options available to contractors under the CARES Act. Topics covered in the webinar include:

• Overview of SBA loan programs available
• Overview of amounts to be included in loan calculation for contractors
• Loan forgiveness
• Lenders’ process of approving applications
• Lenders’ insight into early days of application receipts
• Recommendations and best practices on submitting completed applications
• Frequently asked questions

Visit the KSM COVID-19 Resource Center