Navigating the CARES Act – How to Use the Coronavirus Stimulus Package to Benefit Your Business

An SIIA Webinar

Following passage of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on March 25th, SIIA invited the experienced lawyers of Nelson Mullins to provide a deep-dive into the trillion dollar stimulus package – reviewing what’s included, who is eligible, and how to apply.  In particular, the team discussed:

  • Paycheck Protection Program – who is eligible and for how much?
  • Loan Forgiveness – does the PPP have to be paid back?
  • What are allowable uses of PPP loans?
  • Affiliation rules – Does the fact the company is controlled by a private equity firm render them ineligible?
  • Economic Injury Disaster Loan Program – who is eligible and how much?
  • Emergency Grants – request, timing and eligible uses.
  • What are the affiliation rules for the EIDL loans?

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