Coronavirus Aid, Relief and Economic Security Act

On 4/1/2020, Pensacola Attorney, Scott Remington, President at Clark Partington, discussed, at length, the $2 trillion piece of legislation passed by Congress earlier this week, known as the CARES Act (Coronavirus Aid, Relief and Economic Security).

This is a powerful presentation that will assist individuals and businesses across the country. Starting at the 9 minute mark may help you get through the housekeeping.

Points of Discussion:

• Purpose of the Act – To keep people employed
• Time Frame – 2 months
• Eligible recipients
• Loans and Forgiveness
• Calculating Payments
• Qualifying Documentation
• Applying for Forgiveness
• Terms of Debt