The most expensive legislation ever passed, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is intended to offer economic relief to taxpayers, businesses, and nonprofits. As the Act rolls out, our LaPorte CARES task force has been providing our clients timely guidance on ongoing clarifications. For many businesses, their first step in seeking relief under the Act has been to take advantage of the small business interruption loans and to learn more about the loan forgiveness feature of the Paycheck Protection Program. While there are still outstanding questions on those, there is also interest in the other substantive types of relief in the CARES Act. This video of a webinar presented on April 13, 2020, reviews all types of relief the CARES Act provides and offers a banker’s viewpoint from Steve Crispino, Executive Vice President of South Louisiana Bank.
See full webinar below: