Crisis relief is tantalizing, but patience, paperwork, will be key

Bankers, attorneys agree: having an up-to-date financial house will be a big asset in receiving federal funds.


  • By Mark Gordon
  • | 1:20 p.m. April 2, 2020
  • | 0 Free Articles Remaining!
Courtesy. Chris Kneer oversees the SBA division at Valley Bank, which is run out of Ybor City and covers markets in Florida, Alabama, New York and New Jersey.
Courtesy. Chris Kneer oversees the SBA division at Valley Bank, which is run out of Ybor City and covers markets in Florida, Alabama, New York and New Jersey.
  • Finance
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Care to get a loan that might be the difference between making payroll or shutting the doors amid the coronavirus pandemic? The federal government, through the much-anticipated Coronavirus Aid, Relief and Economic Security (CARES) Act, is here to help.

Of course, like most government things, even when designed to help, details are somewhat byzantine. Lawyers and bankers across the region have been analyzing the $2.2 trillion stimulus bill since President Trump signed it into law March 27.

 

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