Brixey & Meyer Blog

    SBA Loans and Forgiveness Under the New Stimulus Program (CARES)

    Posted by Alan Greenwell on Mar 27, 2020 5:19:10 PM

    As part of the new stimulus package signed by President Trump today, $349 billion is being allocated to assist small businesses with loans. The loans will be administered through the SBA 7a loan program via qualified commercial lenders and pertain to companies that have seen business decline as a result of COVID-19.

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    Topics: ohio, workplace productivity, Management, 2020, Workplace Culture, Coronavirus, Stay at Home Order, SBA Disaster, COVID-19, Loan, SBA, Small Business Administration, Small Businesses, CARES Act

    CARES Act Provides Employee Retention Credit for Impacted Businesses

    Posted by Kari Brooke on Mar 26, 2020 2:58:13 PM

    Last night, the Senate passed an updated version of the Coronavirus Aid, Relief and Economic Security (CARES) Act. The bill builds upon earlier versions of the CARES Act and includes an employee retention credit for employers that close or partially close due to the coronavirus pandemic. Eligible employers are allowed a credit against employment taxes equal to 50% of qualified wages (up to $10,000 in wages) for each employee.

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    Topics: ohio, workplace productivity, Management, 2020, Coronavirus, SBA Disaster, COVID-19, Businesses, CARES Act, Employee Retention

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