CARES Act & Small Business Assistance

CARES Act & Small Business Assistance

More About CARES Act & Small Business Assistance

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program (PPP), the initiative provides 100% federally guaranteed loans to small businesses. Application Deadline 30 June: click for details

Economic Injury Disaster Loan (EIDL). In response to the COVID-19 pandemic, small business owners are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application. This loan advance will not have to be repaid. click for details

In addition, employers should also be aware of these existing programs:

Federal Emergency Paid Leave Program:
Through the end of 2020, employers with fewer than 500 employees must provide 80 hours of paid sick leave and 10 weeks of paid family leave. Note that employers will be reimbursed by the IRS for 100% of the paid leave in 2 weeks or less. They will also be reimbursed for employees’ health care premiums during leave. The current IRS guidance can be found here: click for details

CT Department of Labor’s Shared Work Program:
Allows employers to reduce employees’ hours by up to 60% and DOL will step in to provide unemployment insurance (UI) benefits that help offset the lost wages, as well as the new federal UI supplement. More information about the program can be found here: click for details

Town Planner Sponsors who can help:

BitX Funding: click for details



Tags: local events



Event Details

Date: May 18, 2020






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    Sushi Soba serving the best Sushi & Japanese food in the Old Greenwich area. Order Online for Sushi & Japanese food Pickup/Takeout or Delivery.

    CLICK FOR COUPON

  • Visit Website
    Sound Beach Pizza Grill & Deli is a well-established, unique, friendly, independent, family pizzeria and restaurant located in the heart of the picturesque village of Old Greenwich.

  • Visit Website
    CALL BILL TO SCHEDULE AN APPOINTMENT: 203-698-1000

  • Visit Website
    We are your resource to achieve and maintain wellness. Are you looking for natural ways to boost your immunity, sexual health and energy? WellnessSphere is your resource. We offer nutritional guidance, health coaching and products from the comfort and convenience of your home or office. Call for a FREE 15-min consultation

Share This Event
  • Visit Website
    Sushi Soba serving the best Sushi & Japanese food in the Old Greenwich area. Order Online for Sushi & Japanese food Pickup/Takeout or Delivery.

    CLICK FOR COUPON

  • Visit Website
    Sound Beach Pizza Grill & Deli is a well-established, unique, friendly, independent, family pizzeria and restaurant located in the heart of the picturesque village of Old Greenwich.

  • Visit Website
    CALL BILL TO SCHEDULE AN APPOINTMENT: 203-698-1000

  • Visit Website
    We are your resource to achieve and maintain wellness. Are you looking for natural ways to boost your immunity, sexual health and energy? WellnessSphere is your resource. We offer nutritional guidance, health coaching and products from the comfort and convenience of your home or office. Call for a FREE 15-min consultation

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