COVID-19 Resources & Payroll Protection Attorneys in Sunrise
Get Your Share of the CARES Act to Keep Your Business Afloat
Signed into law toward the end of March 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act provides within its $2 trillion worth of allocations about $360 billion in loans and grants for small businesses. If you own a company, especially one that’s been impacted by the economic fallout of the COVID-19 pandemic, pay attention!
Business owners are being incentivized by the federal government to restrain from laying off their workforce or going out of business with these loans. As soon as the threat that the novel coronavirus poses passes (and it will!), an economic surge may fill the void of business created by social distancing, forced closure of “non-essential” businesses, and shelter-in-place orders. Keeping your head above water until restrictions relax can mean your business will be in a strong position to thrive once this is all over.
If you’re interested in getting help with a payroll protection loan for your small business, reach out to Focused Legal Solutions today. Our COVID-19 resources and payroll protection attorneys in Sunrise can walk you through the process of applying for a loan or grant provided through the CARES Act.
Contact our firm online or call (954) 800-2664 and ask about scheduling a free initial consultation that we reserve for prospective clients.
Why You Should Consider the Small Business Payroll Protection Program
The U.S. Government’s Paycheck Protection Program, funded by the CARES Act, can provided your company with the financial means to avoid layoffs by funding your payroll for up to eight weeks with a fully forgivable loan.
Fully Forgiven Loans
When used to cover your payroll costs (which should account for at least 75 percent of the loan), interests on a mortgage, rent, and utilities, your loan can be fully forgiven by the U.S. Government. For any amount you may end up owing, loan payments are deferred for up to six months. Just be aware that loan forgiveness hinges on maintaining or rehiring employees while also maintaining their salaries and wages.
No Collateral
Additionally, no collateral or personal guarantees are needed to get one of these grants or loans, and neither the government nor the lending company who provides your loan will charge fees.
It’s Not Too Good to be True
Getting a loan to help you maintain your workforce and stay in business is critical to the economy during the COVID-19 pandemic crisis. Take advantage of this opportunity and do your part to save the economy by reaching out to a COVID-19 resources and payroll protection attorney for assistance with your application.
Contact Focused Legal Solutions online to arrange a free consultation where we can show you how we’ll support you through the process of getting a potentially business-saving loan.