Stimulus Package 3/25/20

There is a stimulus package working its way through Congress. Once it passes and is signed into law, the agencies involved will start interpreting those new laws.  I recommend keeping an eye on the FEMA website and IRS.gov. 
It will take about ten days after the new law is signed before we have any guidance.  At that point, I’ll be posting a highlight hit-list to our web site.

Many news organizations are reporting on pieces of the bill as if they were law. They are not. Like any new legislation, there’s lots of give and take to get to a final product.

Also look at SBA.gov. The SBA already has low interest loans available with an application link on their site. HOWEVER, the stimulus package is promising a new form of small business assistance with loan forgiveness through a new agency yet to be named. You may want to wait to see how this develops prior to working with SBA.