Federal CARES Act

Courtesy of Metro IBA:
At the end of last week, Congress passes, and President Trump signed the CARES Act, the largest economic stimulus package ever.  Contained in it are a number of provisions designed to help businesses and individuals over the next few month.  A summary of the Act can be accessed here.  The Act contains a number of provisions for expanding unemployment payments, including coverage of independent workers who haven't been covered to date.  A summary of key elements is available here.  The CARES ACT also calls for the creation of forgivable loan programs for businesses through the SBA.  Check out its website to find out about existing and developing programs.

Sunrise Banks will be a designated processor for funds release under the CARES Act.  They will be working through how to implement this, but they will be a great partner. Check with your local lender as well.