{"id":324,"date":"2020-03-30T17:16:21","date_gmt":"2020-03-30T21:16:21","guid":{"rendered":"https:\/\/www.businesslitigationtrends.com\/?p=324"},"modified":"2020-09-24T05:10:01","modified_gmt":"2020-09-24T09:10:01","slug":"covid-19-updates-cares-act-forgivable-loans","status":"publish","type":"post","link":"https:\/\/www.khflaw.com\/news\/covid-19-updates-cares-act-forgivable-loans\/","title":{"rendered":"COVID-19 UPDATES: CARES Act Forgivable Loans"},"content":{"rendered":"

\"Illustration<\/p>\n

Friday brought us significant federal legislation in response to the COVID-19 crisis in the form of the Coronavirus Aid, Relief, and Economic Security Act (the \u201cCARES Act\u201d). In today\u2019s update, we focus on the (likely significant) relief the Act may afford to our small business clients by opening up, and possibly forgiving repayments of<\/em>, loans under Section 7(a) of the Small Business Act.<\/p>\n

In an effort to incentivize businesses to keep employees on their payrolls during the pandemic, despite an unprecedented number of health-related business closures, the CARES Act provides Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Friday brought us significant federal legislation in response to the COVID-19 crisis in the form of the Coronavirus Aid, Relief, and Economic Security Act (the \u201cCARES Act\u201d). In today\u2019s update, we focus on the (likely significant) relief the Act may afford to our small business clients by opening up, and possibly forgiving repayments of, loans […]<\/p>\n","protected":false},"author":10,"featured_media":325,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[415],"tags":[328],"coauthors":[561],"class_list":["post-324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-miscellaneous","tag-covid-19"],"yoast_head":"\nCOVID-19 UPDATES: CARES Act Forgivable Loans — Kang Haggerty News — March 30, 2020<\/title>\n<meta name=\"description\" content=\"Friday brought us significant federal legislation in response to the COVID-19 crisis in the form of the Coronavirus Aid, Relief, and Economic Security Act — March 30, 2020\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.khflaw.com\/news\/covid-19-updates-cares-act-forgivable-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COVID-19 UPDATES: CARES Act Forgivable Loans — Kang Haggerty News — March 30, 2020\" \/>\n<meta property=\"og:description\" content=\"Friday brought us significant federal legislation in response to the COVID-19 crisis in the form of the Coronavirus Aid, Relief, and Economic Security Act — March 30, 2020\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.khflaw.com\/news\/covid-19-updates-cares-act-forgivable-loans\/\" \/>\n<meta property=\"og:site_name\" content=\"Kang Haggerty News\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-30T21:16:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-24T09:10:01+00:00\" \/>\n<meta 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