The federal response to the pandemic continues to evolve, creating considerations for financial planning.
There is still funding available loans under the Paycheck Protection Program (PPP), but small-business owners need to apply before June 30, 2020.
Congress last week passed legislation to extend the timeline and requirements for loan forgiveness under the PPP program.
The Small Business Association announced guidelines for loan forgiveness for the PPP program for small businesses.
Many lawmakers are planning for a fourth phase of pandemic relief funding, which could include aid for states and individuals.
The CARES Act provides emergency assistance to those affected by the pandemic with a range of programs from expanded unemployment benefits to loans.
The CARES Act has multiple provisions to help small businesses and employees weather the economic downturn.
The Senate passed the CARES Act which provides emergency assistance for individuals, families, and businesses affected by the COVID-19 pandemic.