Depending on where you live, you might not be in school right now...and not because of Spring Break. And while some schools have a reserve of cash that will carry them through Coronavirus challenges in the months ahead, others are wondering how they are going to keep on the lights.
And the question on everyone’s mind right now is how am I going to keep on the lights?
TriNet, the Premier Partner of Curacubby, has released an article with detailed information about the Coronavirus Aid, Relief and Economic Security Act (CARES Act). According to the article featured on TriNet insights:
“The CARES Act was signed into law by President Trump and provides unprecedented financial support for businesses and allows small and medium sized businesses to receive federal loans – in some cases forgivable – to cover payroll and other expenses. It also expands unemployment benefits for workers impacted by the outbreak, while extending unemployment eligibility to many who are otherwise not regularly entitled to receive such benefits.”
Answers to these questions and more can be found here, on the TriNet site:
- Is my school eligible?
- How much of a loan can I qualify for?
- Will the loans be forgiven?
- What can the loans be used for?
- How to obtain a loan?
- ...and more
Coronavirus Aid, Relief and Economic Security (CARES) Act