COVID-19 Taskforce Insights
The COVID-19 Taskforce blog offers insights regarding guidance on the most pressing business effects from this pandemic.
The COVID-19 Taskforce blog offers insights regarding guidance on the most pressing business effects from this pandemic.
In addition to the $349 billion Paycheck Protection Program (the “PPP”), the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) created a separate $17 billion program to help borrowers with existing loans.
On April 2, 2020, California Governor Gavin Newsom announced that the state will be allocating $50 million to the California Infrastructure and Economic Development Bank to create micro-lending opportunities for small businesses to help individuals who do not qualify for federal funds under any of the new federal loan programs, including low wealth and undocumented immigrant communities.