Navigating the CARES Act for Small- and Medium-Sized Businesses with Fleets

1 Hr

The Coronavirus Aid, Relief and Economic Security (CARES) Act provides $2.2 trillion to help individuals and businesses manage the economic fallout from the COVID-19 pandemic. The bill includes $350 billion for businesses with 500 or fewer employees and targeted relief for specific industries.

Small businesses with commercial, corporate, and rental fleets have unique conditions when it comes to loans, loan guarantees, and other investments. This on-demand webinar, presented by Bobit's fleet group including Automotive Fleet, Auto Rental News, Business Fleet, METRO, School Bus Fleet and Work Truck, provides guidance specific to those businesses regarding:

Loan details, eligibility, and application requirements
Loan forgiveness do’s and don’ts for fleets
Other loan information such as the Economic Injury Disaster Loan Program
Requirements for larger companies access to loans
Updated information not covered in initial federal guidance
What’s next? Information on a potential CARES Act 2.0

**Note: Information contained in this webinar is current as of April 7, 2020.**
**Update: As of April 16, the Paycheck Protection Program (PPP) of the CARES Act, ran out of money. The Employee Retention Credit, however, is still in force and you can learn about it through this webinar.**

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