Description

To respond to the coronavirus health crisis and the enormous economic downturn caused by the covid-19 pandemic, the President signed into law the CARES Act, a US$2.2 trillion stimulus package, including critical relief for small businesses. The Senate passed the Act late Wednesday night by a 96-0 vote and the House of Representatives approved it by a voice vote without changes early on Friday afternoon after over three hours of debate.

Select Updates
· New regulations implementing the statute will be provided shortly by the SBA and will clarify certain issues
· Note that the SBA website is not yet set up to accept applications for these grants. Interested companies should avoid confusion with existing loan program applications.

Denton’s top-ranked global venture/emerging growth company tech practice is working around the clock with their Washington DC based policy team and financial institutions group to secure funding support for their clients. HBSAANY will be hosting top Denton’s lawyers on this briefing call to discuss the latest developments and provide an overview of how access to the program is evolving, along with best practices to maximize your benefits under the law.

Please RSVP on this page, and a link to the webinar will be sent to you one hour before the start of the webinar.