On March 25, 2020, the U.S. Senate unanimously passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The CARES Act offers critical economic stimuli to individuals, businesses and healthcare institutions as a result of the extreme financial strains caused by the COVID-19 (Coronavirus) outbreak. On March 27, 2020, the U.S. House of Representatives passed the CARES Act, and President Trump signed the bill into law later that day.
Detailed regulations about the CARES Act are forthcoming. FLB will provide additional updates and analysis regarding the the Act as soon as they are available. Bookmark and check this page frequently for the latest information. Also check our COVID-19 Resource page for a wealth of guidance on other business-related matters. Our attorneys are available to assist businesses interpret the CARES Act and help determine the best available funding options for your company.
General CARES Act Resources
- Full text of the CARES Act, as passed into law
- Coronavirus (COVID-19): Small Business Guidance & Loan Resources (Small Business Association)
- The Small Business Owner’s Guide to the CARES Act
- Coronavirus Emergency Loans: Small Business Guide & Checklist (U.S. Chamber of Commerce)
Paycheck Protection Program Resources
- Preliminary PPP Forgiveness Application
- Program Overview
- Paycheck Protection Program Documentation Checklist (FLB)
- Frequently Asked Questions for Lenders and Borrowers
- Application (FINAL)
CARES Act Guidance from FLB
- PPP Loan Forgiveness – FAQs (Updated May 18)
- Updated PPP Good-Faith Certification Guidance
- Guidance for Employers: Bringing Employees Back to Work
- COVID-19: Emergency Financing Options for Businesses
- CARES Act: Tax Implications (April 10, 2020)
- CARES Act: Small Business Bankruptcy Expansion
- Unemployment Compensation: An Overview for Employers
- Recording of FLB & LV Executive Forum Zoominar for Businesses (April 8, 2020)
