The new CARES Act the government released has lots of options for small businesses and the newly unemployed.  In this first, quick and dirty explanation of the CARES Act we explain your options. 

• Breaking down the Cares act

• Who’s eligible [1:30]

• Deciding between PPE Loan and EIDL loan [3:00]

• CARES Act and unemployment [4:00]

• Independent contractors and PPE qualifications [5:30]

• Eligibility requirements determining between  independent contractor or employer or self-employed [6:30]

• Allowable uses -[8:30]

• Who is covered by unemployment [10:30]

• Why this is a crunch for banks in terms of processing [11:30]

• Determining how much you’re going to get [14:30]

• Why there is such a hold up [15:00]

  
  

If you’d like to watch on YouTube, check out our video here: