On Monday, April 13, 2020, AlvaradoSmith attorneys Thomas A. Zeigler, Jerry J. Ruiz, and Monisha Coelho, with assistance from the Orange County Inland Empire Small Business Development Center Network presented “RELIEF LOANS: Next Steps Under the Paycheck Protection Program and Other Financial Assistance to Help You Stay in Business”.
The response was overwhelming with numerous questions pouring in during the webinar. We have compiled common questions asked and their answers in this Webinar Q&A HERE.
Businesses affected by COVID-19 can get up to $10 million in forgivable loans and grants to cover payroll, cashflow, and other eligible expenses under the Payroll Protection Program of the new CARES Act, 2020.
The hour-long webinar provided business owners with information on:
- Converting Paycheck Protection Program (PPP) amounts into Forgivable Loans or Tax-Free Grant Options;
- Economic Injury Disaster Loan (EIDL) Program;
- Newly approved Main Street Expanded Loan Facility; and
- Business Aid programs available at the City, County, and State levels.