What you need to know now about the US CARES Act
Businesses, ACT FAST, and get your hands on this aid now.
THIS IS BIG. The federal government just passed the $2 trillion CARES Act providing emergency assistance to affected businesses during the COVID-19 outbreak. Here’s how to get your part of the $2.2 trillion as a business owner, as an entrepreneur, and as a leader.
Our CEO Daniel Ramsey said last week, it’s our civic duty to stay productive. We want you to have ALL of this information now to be prepared. If you might have missed the first webinar—no worries. We’ve bundled all the available resources for you, and also there will be another webinar!
- Navigating the CARES Act
- Upcoming Live Webinar, Part 2
- Links to Resources
- Strategize, Thrive, & Survive
What the US CARES Act can do for your business
Navigating the CARES Act & Getting started. If you need:
- Capital to cover the cost of retaining employees, then the Paycheck Protection Program might be right for you.
- A quick infusion of a smaller amount of cash to cover you right now, you might want to look into an Emergency Economic Injury Grant.
- Relief for keeping up with payments on your current or potential SBA loan, the Small Business Debt Relief Program could help.
What’s the catch? NONE. This is 100% forgiveness for 2 months of eligible expenses. FREE MONEY.
How to Apply for Aid: You can apply at any bank offering loans under 7(a) of the Small Business Act (15 U.S.C. 636(a)).
Upcoming Webinar – Part 2 – TODAY!
Live TAX IMPLICATION Webinar (Pt. 2) for Entrepreneurs: Due to popular demand, MyOutDesk will host another live webinar TODAY to help you understand the implications of the CARES Act and how you can take advantage of it.
Part 2 with Tim Mahoney, CliftonLarsonAllen LLP
TODAY, Tuesday, March 31, 2020
3:00 PM, Pacific Time
Spots are limited, register today!
(PASSED) Part 1 with Jack Randall, CEO & Founder of Taxbot
Saturday, March 28, 2020
12:00 PM, Pacific Time
Jake Randall is CEO of Taxbot and the host of “The Profit Junkie.” Taxbot helps self-employed people keep more of their hard-earned money by helping them keep more of it out of the IRS’ greedy hands.
Links to Resources
- 100 Most Active SBA 7(a) Lenders
- The Senate’s Guide to the CARES Act with FAQs
- SBA Disaster Assistance Homepage
- Notes: Webinar Pt. 1
- For more information, click here for a full copy of the bill
Strategize, Thrive, & Survive
MyOutDesk can support your business as you go through this change in today’s market. We serve you by providing valuable business resources, helping you support your customers, and providing remote solutions that allow your business to thrive and survive!
For business owners who want to make the switch to remote work the right way and stay productive, our FREE Go Remote Quick Guide includes three easy steps to get started.
We at MyOutDesk pray that your team, families, and communities remain safe and healthy during this time of heightened concern.
Note that we at MyOutDesk are not providing tax, legal, or financial advice. We strive to support the success of all SMBs and want to pass along useful and practical information that can help your business draw out effective solutions. Please consult a qualified tax advisor, attorney, and investment professional for guidance.