Arent Fox Launches Business Loan Task Force
Our Business Loan Task Force is assisting small and medium-sized businesses, including nonprofit organizations, in determining eligibility and securing loans under the programs established by the CARES Act. This Task Force consists of lawyers from the firm’s Corporate & Securities and Finance groups and from all of the firm's industry sectors.
The Business Loan Task Force provides detailed explanations of the CARES Act’s provisions relating to new business loan programs. One program is designed to support small businesses (500 employees or less) and the hospitality and restaurant sectors. The other programs will support larger businesses, with a special focus on medium-sized businesses (500 – 10,000 employees).
Mid-Size Business Loan Program
Our Task Force has a summary of the Mid-Size Business Loan Program, which is included in the Coronavirus Economic Stabilization Act of 2020.
Paycheck Protection Program
Our Task Force has a summary of the Short-Term Working Capital Loans to Support Small Businesses and The Hospitality and Restaurant Sectors.
Arent Fox's Business Loan Task Force is counseling clients on the business loan programs included in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This critical legislation will provide relief to Americans and businesses affected by the spread of Coronavirus (COVID-19).