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Tax,
Corporate

Apr. 24, 2020

CARES Act alternatives for mid-sized companies

Although a lot of ink has been spilled about the federal Paycheck Protection Program — the Small Business Administration-backed loan introduced as part of the Coronavirus Aid, Relief, and. Economic Security Act — many companies are ineligible for it due to stringent requirements. However, the $2.2 trillion stimulus package has other provisions to help larger businesses mitigate the fallout from the COVID-19 crisis.

Phil Jelsma

Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)

Email: pjelsma@cgs3.com

Phil is chair of the tax practice team at CGS3. He is recognized as a leading joint venture and tax attorney, with a 30-year background in real estate exchange transactions, syndications, nonprofit corporations and international tax planning.

Although a lot of ink has been spilled about the federal Paycheck Protection Program -- the Small Business Administration-backed loan introduced as part of the Coronavirus Aid, Relief, and. Economic Security Act -- many companies are ineligible for it due to stringent requirements. However, the $2.2 trillion stimulus package has other provisions to help larger businesses mitigate the fallout from the COVID-19 crisis.

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