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CARES Act: Small Business Loan Provisions

CARES ACT: SMALL BUSINESS LOAN PROVISIONS

Cost Free
Presentation Length 1.0 hour

Recorded DateApril 9, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaSpecialized Knowledge
Course LevelBasic
Course Description

The CARES Act includes $349 billion for Small Business Administration (SBA) loan guarantees and subsidies. The more favorable loan is an SBA 7(a) loan. An alternative loan, an Economic Injury Disaster Loan (EIDL) is also available, the terms of which have been relaxed. However, an EIDL loan has less favorable terms.

Both types of loans are discussed in this informative one hour webinar.

Major topics covered during this session are:


  • The New “Paycheck Protection Programs” Loans

  • Loan Forgiveness

  • Special Provisions

  • Subsidy/Deferment for Existing Loans

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Jere Doyle is an estate planning strategist for BNY Mellon Wealth Management and a senior vice president of BNY Mellon. He has been with the firm since 1981. Jere provides wealthy individuals and families throughout the country with integrated wealth management advice on holding, managing, and transferring their wealth in a tax-efficient manner.
Jere is admitted to practice law in the Commonwealth of Massachusetts and before the United States District Court, United States Court of Appeals (First Circuit), and the United States Tax Court. He formerly served as a member of the Massachusetts Joint Bar Committee on Judicial Appointments. He is the editor and co-author of Preparing Fiduciary Income Tax Returns, a contributing author of Preparing Estate Tax Returns, a contributing author of Understanding and Using Trusts, and a contributing author of Drafting Irrevocable Trusts in Massachusetts, all published by Massachusetts Continuing Legal Education. Jere is also a reviewing editor of the 1041 Deskbook published by Practitioner's Publishing Company. Jere is a lecturer in law in the Graduate Tax Program at Boston University School of Law.

About Our Presenter

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Over BNY Mellon’s 200+ year history, they’ve seen times of prosperity, uncertainty and possibility. Their Active Wealth approach is grounded in a deep understanding of who their clients are, and that has brought the success they care about most: highly satisfied, loyal clients whose relationships span generations.