During these unprecedented times making appropriate business decisions can become increasingly more difficult. As the legal issues created by COVID-19 continue evolving, Perkins Coie has launched a resource page and blog to address further business challenges and offer solutions in real time that you may find useful.
With the $2 Trillion dollar stimulus package approved your business may qualify for funding. The law includes approximately $350 billion for “Paycheck Protection Program” loans (PPP Loans) to support businesses in making payroll and other essential payments during the crisis. PPP Loans are separate from Economic Injury Disaster Loans (EIDLs) made by the Small Business Administration (SBA). Perkins Coie has created a resource page to answer questions in regards to eligibility and the difference between the two loan programs. NSSF® consultant, Thorn Run Partners has created a memorandum that also provides detail on the impact of small business in regards to the legislative response.