Congressman Sean Casten will be hosting a webinar this week to provide guidance on resources available small businesses to help recover from the COVID-19 health crisis.
Topics include the CARES Act, including the Paycheck Protection Program loans, Small Business Debt Relief Program, Employee Retention Tax Credit, Employer Payroll Tax Deferral and Business Counseling.
The webinar is on Thursday, April 9, 2020.
Representative Casten will be joined by representatives from the Small Business Administration who will respond to questions.
Registration is now open:
- Thursday, April 9th 4:00pm CT - Rep. Casten Webinar on Federal Resources for Small Businesses
PAYCHECK PROTECTION PROGRAM FOR SMALL BUSINESS IS OPEN!
Included in the CARES Act stimulus is the Paycheck Protection Program, designed to help small business owners cover their employees’ payroll and benefits during the crisis. This program also applies to non-profits, veteran organizations, sole proprietorships, the self-employed, and independent contractors. These loans will be forgiven so long as proceeds are used to cover payroll costs and benefits, and employee compensation levels are maintained (capped at $100,000).
Applications opened April 3 for small businesses and sole proprietorships, while applications are open for independent contractors and the self-employed starting April 10.
More guidance on how to apply may be found at the Department of the Treasury’s website. Please contact Representative Casten's office at (630) 520-9450 with any questions.
This information is courtesy of the Office of Representative Sean Casten.