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Editor’s Note: This is component two in a series that is two-part the CARES Act.
Conditions designed to gain organizations with lower than 500 workers, for instance the Paycheck Protection Program, had been described to some extent certainly one of this two-part show on the CARES Act. Component two explores new loans for businesses with 500 to 10,000 workers, combined with brand new jobless and taxation advantages.
Attorneys for Akin Gump Strauss Hauer & Feld LP, according to Washington, D.C., offered a summary among these loans and advantages within a webinar week that is last because of the nationwide Automatic Merchandising Association.
Yet another $454 billion allocated
The CARES Act appropriates at least $454 billion to the U.S. Treasury to support direct lending programs for eligible “mid size” businesses, states and municipalities, attorney Brendan Dunn said during the webinar in addition to the SBA loans described in part one of this series.