Between these trying economic times and the COVID-19 pandemic, many businesses are struggling to keep their bills paid during a time when they may not be able to keep their doors open. The fact of the matter is that a lot of these businesses will be filing for bankruptcy soon, and that will impact everyone… Read More »
Low-Interest Loans to Small and Mid-Sized Businesses
CARES Act – Low-Interest Loans to Small and Mid-Sized Businesses Title IV of the CARES Act provides $500 billion in emergency relief in order to provide liquidity to eligible businesses, States, municipalities and Tribes related to losses incurred as a result of coronavirus. What you need to know: The Treasury is directed to use $454… Read More »
Unemployment Insurance Provisions
How does the CARES Act affect unemployment insurance benefits? The Texas Workforce Commission is still working on an agreement with the federal government for the implementation of the CARES Act assistance, but here are some of the highlights of the CARES Act unemployment insurance provisions: It creates a new Pandemic Unemployment Assistance program which: provides… Read More »
CARES Act Paycheck Protection Program
Big Picture The Paycheck Protection Program is intended to provide American small businesses with 8 weeks of cash-flow assistance through 100% federally guaranteed loans. There is no cost to apply. The funding is meant to help retain workers, maintain payroll, and cover rent/mortgage/utility expenses. The loan is intended to help small business owners cover expenses… Read More »
CARES Act Eviction Moratorium
CARES Act, Texas, Travis County and City of Austin Temporary Relief from Evictions for Certain Residential Tenants What you need to know: The CARES Act imposes a national 120-day moratorium on evictions against residential tenants who cannot pay their rent due to income interruptions related to the COVID-19 outbreak. Who/What is covered: The moratorium only… Read More »
