LEGISLATIVE UPDATE | Senate Bill Proposal Provides Payroll Relief - CARES ACT

CARES ACT


The latest version of the Cares Act provides up to $10 million in SBA loans to help small businesses with less than 500 employees cover payrolls from March 1 to June 30. Under the current proposal a business will be eligible for loan forgiveness based on the ratio of employees that remain on the payroll until June 30.

See the full proposed Bill Here

CARES ACT 

Helpful Links:

SBA Disaster Loan Program Eligibillity Criteria

SBA Disaster Loan Overview

SBA Disaster Loan Application Portal Overview

City of Boerne Second Declaration of Disaster

SBA rolls out $2M loans for Texas Small Businesses (San Antonio Business Journal)