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Last week, The Cullen Law Firm provided guidance on new loan and unemployment benefit programs implemented by the Coronavirus Aid, Relief, Economic Security Act (“CARES Act”), the largest financial assistance package enacted in United States history. A principle component of the CARES Act was the creation of the Paycheck Protection Program and the […]
AMOUNTS OF LOANS USED TO COVER COSTS TO BE FORGIVEN On Saturday, March 28, 2020, President Trump signed into law the largest financial assistance package in United States history: The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. One of the largest components of the CARES Act is the Paycheck Protection Program, a new […]
The Relief for Workers Affected by Coronavirus Act, a portion of the CARES Act, signed into law on March 27, 2020, provides two primary types of relief to American workers hurt by COVID-19: (1) expanded unemployment assistance and coverage; and (2) cash payments. 1. Expanded Unemployment Assistance – Even to Owner-Operators. The CARES Act […]