Last week, the U.S. Senate and U.S. House passed the Coronavirus Aid, Relief and Economic Security (CARES) Act by an overwhelming bipartisan vote and President Trump quickly signed the legislation into law. As highlighted in last week’s News & Views e-newsletter, there are numerous provisions impacting small businesses including but not limited to:
As Big “I” members and their clients look for guidance in the days, weeks and months ahead, the Big “I” is making the most up-to-date information available. With that in mind, the Treasury Department recently posted helpful information including a brief overview of the PPP, a fact sheet for borrowers, and the loan application form. Additional information on the program can be found at the Small Business Administration (SBA). These documents should provide a great deal of valuable information for Big “I” members and their clients.
Additionally, InsurBanc stands ready to support agencies and their clients through the PPP. They are recognized as a preferred lender by the SBA, the highest bank designation awarded to top-tier SBA lenders. You can find more information from InsurBanc.
Wyatt Stewart is Big “I” senior director of federal government affairs.