Small Business Loan/Grant Support working its way through Congress
Negotiations ongoing for currently proposed $350 Billion in loans as part of the Third Economic Relief Bill
will host a briefing call on
Thursday, March 26, 2020 at 2 p.m. EST
The coronavirus outbreak and resulting quarantine measures have led to widespread business disruptions in the United States. As part of the federal response, the Congress is expected to approve this week a bill that would provide relief of up to $350 billion in forgivable loans to small business concerns, non-profit and veterans organizations and self-employed individuals to cover their expenses during the crisis.
This alert is based on draft legislative language as of March 22, 2020 and remains subject to revisions during the legislative process. There will most certainly be changes and revisions to the current proposal, as negotiations are ongoing with respect to, among other things, size and scope, before the Congress considers and passes the third economic relief bill.