Moye White (Colorado): The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”)

The CARES Act, as passed by the Senate on March 25, 2020, proposes to expand the Small Business Act by (i) creating a Paycheck Protection Program within the Section 7(a) loan program, and (ii) revising the existing Economic Injury Disaster Loan (“EIDL”) Program in connection with COVID-19. The following is a quick guide to the existing EIDL program, as amended by the CARES Act, and the Paycheck Pro- tection Program. The attorneys at Moye White are available to assist with any questions you may have. MORE.

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