Following the outbreak of COVID-19, federal, state, and local authorities are arranging loans with favorable terms and grants to businesses and individuals economically affected by the crisis. On March 27, 2020, President Trump signed into law the Coronavirus, Aid, Relief and Economic Security (CARES) Act upon unanimous approval of Congress. One of the most significant sections is the “Paycheck Protection…
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Covid-19 Remedies And Tools For Small And Medium-Sized Businesses
As the Coronavirus spreads across the United States, small and medium businesses operating in the New York City metropolitan area are facing unprecedented challenges, and some of them see their very existences at risk.New York’s flurry of economic activity came to a sudden halt, thus causing revenues to fall dramatically, while several fixed costs (for instance, rents obligations) are unaffected, unless…