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WBJ Webcast Series: CARES ACT I

The Federal Government’s $2 Trillion Dollar Economic Stimulus Bill can Help Your Company Survive.

But you have to understand NOW what’s in it for you and how to apply for funds. This bill is a game changer for many small businesses and nonprofits with under 500 employees, but only if you act sEwoon.

SESSION 1 (April 2, 2020): WEBINAR RECORDING

SESSION 2 (April 6, 2020): WEBINAR RECORDING

Presentation 1: Amanda E. Risch, Commercial Finance Attorney, Fletcher Tilton PC Attorneys at law

Presentation 2: Terence J. Shepherd, Managing Partner, S&G Business Consultants & Certified Public Accountants

 

Additional helpful links:

List of Mass. banks who made SBA loans in the last year - Click Here.

Resources from the U.S. Chamber of Commerce:

Coronavirus Emergency Loans Small Business Guide and Checklist (Paycheck Protection Program)

Guide to SBA's Economic Injury Disaster Loans (EIDL)

Guide to the Employee Retention Tax Credit

Links to the resources provided by U.S. Department of Treasury can be found below, or on their webpage.

WBJ Web Partners

SPEAKERS

  • Amanda E. Risch
    Commercial Finance Attorney, Fletcher Tilton PC Attorneys at law
  • Terence J. Shepherd
    Managing Partner, S&G Business Consultants & Certified Public Accountants
  • Tom Wolcott
    SVP, Commercial Banking Officer, Country Bank

Join a panel of experts who will explain the Keeping Workers Paid Employment Act section of the overall bill, a $367 billion dollar fund aimed at helping small businesses and nonprofits maintain a steady payroll during this virtual shut down of our economy due to the Covid 19 crisis.

The government’s intentions are clear - they are trying to stem the massive tide of layoffs by providing direct funding to cover company payrolls and health care benefits for an 8 week period. There are a number of details and guidelines, but the bottom line is that if you play by the rules, the bulk of the funds, and potentially ALL the funds you borrow under this program will be forgiven.

In this session we’ll focus on the following:

  • Overview of the bill and how it is intended to help small businesses

  • How the loan program works for different size firms

  • What you have to do to prepare to apply

  • The risks and rewards - understanding the details, what’s forgivable, what’s not

  • What other costs can be delayed under this legislation that will help preserve cash 

  • Audience Q&A

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