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Relief Available to Contractors Under the CARES Act

April 8, 2020

KSM

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


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