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Chico State Alumni Association

Webinar - Coronavirus Aid, Relief, and Economic Security Act (CARES)

Coronavirus Aid, Relief, and Economic Security Act (CARES)

Presenter: Glen A. Thomas ’83, TYS, LLP Founder & Partner

Moderators: Terrence Lau, Dean, College of Business and Ahmad Boura, CEO, University Foundation

Details: On March 27, 2020, Congress and the President enacted the Coronavirus Aid, Relief, and Economic Security Act (CARES Act, H. R. 748). The $2 trillion CARES Act provides massive relief for individuals, businesses, medical centers and nonprofits. The “Paycheck Protection Program Loans” (PPP Loans) are potentially able to save small businesses from closing their doors.

Overview/Topics: Qualifications for a Loan-Grant (When/where/who/what) • PPP Loan Terms • Permitted Expenses Under PPP Loans • PPP Loan Forgiveness Amounts • Documentation for PPP Loan Forgiveness • Employee Limitation for PPP Loan Forgiveness • When and How to Apply for a PPP Loan

Supporting Documents: FAQ (PDF), Overview (PDF), PPT slides (PDF), PPP Loan Forgiveness Template (PDF), Paycheck Protection Program (PPP) Application (PDF)

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