In our recent article, “The CARES Act: A First Look,” we discussed the wide variety of stimulus programs created with the CARES Act legislation, notably including several loan and tax relief initiatives available for small businesses and business owners. Small businesses are being especially hard hit by the COVID-19 pandemic, and it behooves business owners to become familiar with the various support options available to them under the CARES Act.
There are several factors business owners should consider with regard to the loan programs recently enacted; please do not hesitate to reach out to your Brown Advisory team if you and your other advisors would like to discuss the new loan programs with us and develop a plan that makes sense for your business. We have prepared a summary information packet and checklist (available via the link below) that we hope can be of use as you consider your options.
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