Our team is working hard to keep our clients and our business affiliates updated on all things related to COVID-19. As a reminder, we have developed the Corrigan Krause Coronavirus Crisis Team (CKCCT) to help you receive the information and timely answers you need. Please reach out directly to our crisis team by sending an e-mail request to ckcrisisteam@corrigankrause.com. The team will be notified of your inquiry and will respond directly to you within 24 hours.
The CARES Act was signed into law on March 27, and swiftly distributed all $350 billion of funding allocated to the Paycheck Protection Program within a couple short weeks. With many small businesses left without funding, the second round of relief is critical to keep many small businesses afloat. Read more here.
While we await additional guidance from the SBA, questions are still looming around what to do once funding is received. For those that have received funding, the clock starts ticking once the lender makes the first disbursement of the loan. Now is the time to develop a plan for what the next eight weeks look like. Read more here.
In addition to funding opportunities provided by the SBA, businesses can also take advantage of the following tax credits aimed at helping businesses through these tough times.
