Question

Asked a question 6 months ago

I have a friend who has a business as a hair dresser. She files as a schedule C. Do SBA loans apply to her? Would the CARES Act (assuming it passes with the provisions on small businesses as is) payroll forgiveness apply?

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Answered 6 months ago

I believe she will be elegible - but to be clear the CARES act has not passed yet.

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If my staff are currently laid off and I apply for the CARES Act loan to cover their wages that assumes I would be ... due to Covid-19 exempt from EFLMA?

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