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What Does the CARES Act & Paycheck Protection Program Mean for Business Re-entry?

The $2 trillion federal coronavirus relief package signed recently, officially known as the CARES Act, includes the nearly $350 billion Paycheck Protection Program to help small businesses affected by the Coronavirus Pandemic. This will be the second round of funding for the Paycheck Protection Program which includes an additional $310 billion, to help small businesses gain the access needed to successfully re-open and re-enter the workforce.

Topics Covered:

What does the payment schedule look like? What's the eligibility for loan forgiveness?
What if the PPP Loan does not cover a business’s needs? What are the other options under the CARES Act?
What if you’ve changed your business model during stay-at-home, is it sustainable?
What does having fewer employees and the same business model look like?
Are your employees ready for the change/shift?
How are you handling furloughs and being ready for re-entry into the workforce?
Are you ready to re-open your business in the next normal?

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What Does the CARES Act & Paycheck Protection Program Mean for Business Re-entry?