The Coronavirus Aid, Relief and Economic Security Act, or CARES Act, is expected to pass Congress soon. The act provides emergency assistance and health care response for individuals, families, and businesses affected by the 2020 coronavirus pandemic.
Rose Financial Solutions (RFS) is closely monitoring and working to create an expedited Small Business Administration (SBA) “forgivable” loan package. As part of the act, businesses could receive a maximum of 2.5 months of payroll costs, with the possibility of the loan being deferred and ultimately forgiven.
To be eligible, you must have been in business with employees on February 15, 2020. For more information view:
- Video: RFS Managing Partner Ted Rose provides insight on the Coronavirus relief measures and how they can help your business
- PDF of the presentation
RFS is committed to helping our clients get through this crisis as we are all in this together!
Click here to view SBA Loan Information and Application Support