By Phil Rarick, Jacqueline Bowden Gold, and Jay Beskin, Miami Lakes and Weston Business Law Attorneys
Note: The following is a preliminary review of key parts of the CARES Act; this commentary is subject to change upon guidance from the SBA and U.S. government
On March 27th, Congress passed and the President signed into law a $349 billion “Paycheck Protection Program” as part of the massive Coronavirus relief package. This program will likely be a life safer for many small businesses. It is available through June 30, 2020, however Congressional leadership has already discussed extending it for additional months.