CARES ACT: $500 Billion Loan Program for US Businesses | Practical Law
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law. This Update focuses on the Coronavirus Economic Stabilization Act provisions of the CARES Act, which establish a $500 billion program of loans, loan guarantees, and other investments to provide funding for businesses throughout the US economy.