Find out How the CARES Act Will Impact You!
On March 27, 2020, President Trump signed the $2 Trillion “Coronavirus Aid, Relief, and Economic Security Act” (the CARES Act). The CARES Act includes public health spending to confront the COVID-19 pandemic, cash relief for individual citizens, a broad lending program for small businesses, and targeted relief for hard-hit industries. The CARES Act could provide the average independent contractor anywhere from $1,200 to $25,000 of economic stimulus relief based on the various programs listed in this eBook.
The team at ATBS has analyzed the 880-page document in order to summarize key portions of the Act that will be relevant to owner-operator truck drivers. We will continue to update this eBook with relevant clarifications as more information becomes available.
If you have not yet downloaded the eBook, we have made a few important updates, including:
- Potential CARES Act Spams - Page 3
- Paycheck Protection Program Loan vs Economic Injury Disaster Loan - Page 7
- PPP Loan Use of Funds Guidelines - Page 8
- PPP Loan Frequently Asked Questions - Page 10
To view the most current version of the eBook, please click on the link below to request a copy.
We hope that this information will help answer any of the questions that you have about the newly passed economic relief plan!