Business owners owe it to themselves to get up to speed on the CARES Act. I've been talking with my bankers and my CPA to make sure we are in a position to apply for a loan if necessary. My philosophy at the moment is to fill out the application as soon as it is available. If you wait until you need it, it may be too late. Banks and the SBA are anticipating a tsunami of applications, so don't hesitate.
Check out the following webpages for everything you need to know about the CARES Act including the Paycheck Protection Program here:
Stephen Barton
President & CEO
Alchemy-Spetec