Life has been a whirlwind for us all since the COVID-19 crisis first began. Keeping up with new information, new guidelines and new legislation can be a full-time job in and of itself. It’s even harder for small business owners who are attempting to weather the economic downturn while still trying to support their staff and their families.
That’s why we are excited to preview the Clearent Connects podcast!
Our goal is to help you weather the storm by providing key updates on the topics that matter to you most. From breakdowns on key legislation to tips on how to use technology to your advantage, we’re making it our mission to help you make it to the other side of the COVID-19 crisis – and come out on top! These podcasts will be both short-form single topic overviews as well as long-form discussions with some of the best minds in the payments industry.
Breaking Down the CARES Act
We’ve posted a preview on YouTube, covering the Coronavirus Aid, Relief and Economic Security (CARES) Act. As the largest financial support package in U.S. history, the CARES Act provides $2 trillion in aid to those impacted by the COVID-19 pandemic. While many individuals are focused on the cash payments and extra unemployment benefits, one of the main provisions of the CARES Act for small business owners is the Paycheck Protection Program (PPP). This program provides federally-backed loans so business owners can keep employees on their payroll during the COVID-19 crisis.
Listen below and subscribe for more episodes, and be sure to look for it on your favorite podcast service.
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Links referenced in the podcast:
SBA Loan Payments Calculator from Lendio: https://www.lendio.com/business-calculators/sba-loan-calculator/
Original Article from TaxFoundation.org: https://taxfoundation.org/sba-paycheck-protection-program-cares-act/