BrightBridge Bulletin | Small Business Debt Relief
CARES Act & Economic Aid Act
The CARES Act has been joined by the Economic Aid Act (EAA). The most widely known components of the EAA are the extension of the SBA’s authority to make PPP loans through March 31, 2021 and revisions of certain PPP requirements. Another eagerly anticipated part of the Economic Aid Act is the still-to-come Shuttered Venue Operators Grant program, which will be administered by the SBA’s Office of Disaster Assistance.