CARES Act Stimulus Package – What Businesses Should Be Doing Now
Cience
APRIL 1, 2020
In other words, the unique benefits of these loans are structured to ensure they are used to keep payrolls intact, and failure to do so might cause the terms of the loans to change. As alluded to earlier, perhaps the most striking feature of these fully-backed loans is that capacity for repayment is not a condition of the loan. NONRECOURSE.
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