With the coronavirus (COVID-19) pandemic still in full swing, we hope that you and your family are continuing to remain safe and healthy. Together, we will work through these difficult times and emerge stronger by sharing timely information and perspectives as they become available.
There is important information pertaining to the C.A.R.E.S. Act that has been updated due to very recent government clarification on some of the previously issued guidelines. The circumstances surrounding America’s Covid-19 health pandemic remain fluid and we will continue to provide you with timely insights as they become available.
Congress has created the Paycheck Protection Programs and expanded the Economic Injury Disaster Loan program through the Small Business Administration to help American businesses through the Covid-19 crisis. Both programs have stopped accepting applications due to the unprecedented demand exhausting the government funding. Recently, a deal was reached by Congress for an additional $484 Billion in pandemic relief funds to support the C.A.R.E.S Act. It is prudent to have the necessary documents in order so they can be submitted as soon as the new funds are made available. Please see the attached articles from our friends at McCarthy Lebit that may provide you some insight on your eligibility and how to apply. Click here for more information from our friends at McCarthy Lebit.
Click Here for an excellent chart summary of PPP and EIDL programs!
We want to let you know that we’re here for you during this crises. Please do not hesitate to contact us at 216-403-9830 if you have any questions.
Sincerely,
Sterling Realty Advisors