The Coronavirus Aid, Relief, and Economic Security Act, a.k.a. the CARES Act, is a law developed to address the economic fallout of the 2020 coronavirus pandemic in the U.S.A.
With time being of the essence and limited relief available, we felt it important to provide resources to as many of our valued professional partners as possible.
We encourage you to review the resources we’ve compiled to find information regarding the stimulus bill and how you could get the relief and benefits possibly needed for your business during this national challenge.
Our goal is to share information that may be helpful, however, you should contact your CPA and/or SBA-approved lenders for guidance to determine whether one of these time-sensitive options may be right for you and your business.
We’re here to support you so please do not hesitate to reach out to Milner Financial Director of Agent Relations, Matt Carter, should you have further questions. Matt can be reached via email at [email protected] or by phone 770.558.8910.
CARES Act – Reference guide
Review of Benefits for Small Business and Independent Contractors
NAILBA PowerPoint and presentation
Useful information on the PPP, Emergency Economic Injury Grant (EEIG), etc. that a small business (insurance agency) might qualify for.
AALU/GAMA PowerPoint and presentation (both available to the public)
Provides info and eight examples of small businesses on the Paycheck Protection Program (PPP). This presentation includes info about sole proprietor/independent contractor options (example 4).
Additional Resources For Review
The Small Business Owner’s Guide to the CARES Act – from Senator Ben Cardin, U.S. Senate Committee on Small Business & Entrepreneurship
PPP Calculator – Provided by SBA to help in figuring out what your business can apply for.
- Guidance from GA DOL website on filing for unemployment, mandatory filing by employers for partial claims, and reemployment service.