President Trump just signed the $2 Trillion CARES Act into law, and everyone's inboxes are being flooded with emails reacting to it and explaining it's provisions. Rather than attempt more of the same, we'd like to share what we've found to be some of the most informative resources:

The briefest - Creative Planning's take on Implications for Small Business Owners.

Slightly longer - The National Law Review's piece titled Small Business Relief in the CARES Act.

The most detailed - Barnes & Thornburg wrote a lengthy but excellent article titled Specifics of CARES Act and Implications for Businesses and Individuals.

These are just some of a number of well-written pieces. We will, however, provide our advice. 

If you think you qualify for any of the SBA loans being made available, start preparing to apply. Calculate your monthly payroll, health insurance, rent/mortgage, and utilities expenses, and gather any supporting evidence you have of these expenses. Prepare to also provide recent tax returns and other financial statements, for both the business and yourself personally.

Banks aren't accepting applications yet, and it may be up to two weeks before they can. You, however, can begin contacting banks now, building relationships with key decision-makers and educating yourself on the process and your likely eligibility.

If you would like some guidance specific to your business or industry, give us a call. We're happy to share our perspective on the CARES Act and the market more generally.

Lastly, we are offering a limited number of pro bono hours to help businesses with cash flow modeling and decision-making around the types of financing available. We can also lead capital raising efforts for business owners unable to manage them on their own. Reach out to your Caber Hill contact or email us at This email address is being protected from spambots. You need JavaScript enabled to view it. to learn more.

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