CARES Act Related Content

Six Takeaways from Beyond the Curve: The Great Reset from Collections to Repossessions

Monitor Live+ Beyond the Curve: The Great Reset from Collections to Repossessions offered valuable takeaways for the industry, offering a legal perspective on the topics of collection, litigation and recovery efforts in a post-pandemic climate.  read more

Companies Puzzled Over CARES Act Aid Accounting

The Wall Street Journal reported that many companies are unsure about how to account for the financial relief they received from the CARES Act. read more

AICPA Offers Insight for Valuing Businesses Affected by COVID-19

The American Institute of CPAs released a set of FAQs to address how provisions within the federal CARES Act can impact business valuations. read more

KBRA: CARES Act Offers Lifeline to Transit Systems but Is No Panacea

Kroll Bond Rating Agency released a report that examines the funding provided to KBRA-rated transit systems by Coronavirus Aid, Relief, and Economic Security (CARES) Act grants. read more

Crestmark Provides SBA CARES Act Funding for More Than 673 Small Businesses

Crestmark has funded more than $215 million for more than 670 small businesses in 38 states through the Paycheck Protection Program, part of the SBA CARES stimulus package. read more

AICPA Loan Forgiveness Recommendations for Payroll Protection Program

The AICPA recommended documents and calculations small businesses should use to qualify for loan forgiveness under the Paycheck Protection Program. read more

PayNet Launches SME Lending Solution Under CARES Act

PayNet launched the P3 Data Pack, a new platform to help lenders expedite Paycheck Protection Program loans to small businesses. read more

Fed to Release Monthly Data on CARES Lending Facilities

The Federal Reserve Board outlined extensive public information regarding its economic recovery programs to support credit flow to households and businesses. read more

AICPA Offers PPP Firm-Lender Relationship Recommendations

The American Institute of CPAs offered firm-lender relationship recommendations related to CPA firms assisting clients in the Paycheck Protection Program. read more

86% of Business Owners Who Applied for CARES Act Relief Haven’t Received Funds

Alignable's Latest Pulse Poll taken among 38,500 small business owners from April 17-20, 2020, shows only 8% have received money, and another 14% were approved for it, but aren't sure when or if it's coming. read more

Small Business Loan Approval Rates Plummet in March 2020

According to the Biz2Credit Small Business Lending Index, the approval percentage for small business loan applications at big banks ($10 billion+ in assets) plummeted to just 15.4% from a post-recession high of 28.3% in February 2020. read more

ELFA Advocates for Equipment Finance Companies with SBA

ELFA President and CEO Ralph Petta submitted a letter to the U.S. Small Business Administration requesting that equipment finance companies be eligible to participate in the new Paycheck Protection Program under the CARES Act. read more

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