CARES ACT AND SMALL BUSINESS ASSOCIATION (SBA) ASSISTANCE PROGRAM

These certainly are unprecedented times. Many of Boulay's clients have approached us with questions on navigating the CARES Act and how to assess the right financial assistance program and amount that is most beneficial to their business. I wanted to let you know we are here to help you understand the CARES Act and Small Business Association (SBA) assistance programs and loans, including the Paycheck Protection Program.

Our team can assist with: • Computation of the maximum amount of an SBA loan • Requirements of taking an SBA loan • Scenarios and assumptions for potential forgiveness of SBA loans • Advantages and disadvantages of taking an SBA loan

The application process opens April 3, 2020, and the deadline to submit a Paycheck Protection Program application is June 30. If you’d like assistance with the application process, please contact me and I will provide you with additional on how Boulay can help.



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