Treasury Releases Small Business Assistance Information

Treasury Releases Small Business Assistance Information

Mar 31, 2020

Client Alert

Brownstein Client Alert, March 31, 2020

Earlier today, the Treasury Department issued details related to the Paycheck Protection Program, which was enacted under the Coronavirus Aid, Relief and Economic Security (CARES) Act (P.L.116-136). The program allocates nearly $350 billion for companies to cover payroll expenses so they can retain workers during the coronavirus pandemic.

The material released today can be found below:

 A summary of the program can be found here

  • Lenders can find more information here.
  • Borrowers can find more information here.
  • Borrowers can find the application here

To read more about the Paycheck Protection Program and other assistance available to small business employers, read the Brownstein Small Business Team’s Industry Guide.

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Mitchell J. Langberg Shareholder T 702.464.7098 mlangberg@bhfs.com
Sarah M. Mercer Shareholder T 303.223.1139 smercer@bhfs.com