Blog

Second Round of CARES ACT is Still Open for Applications

Second Round of CARES ACT is Still Open for Applications
I’d like remind you of the second round of CARES ACT is still open for applications. The Coronavirus Aid, Relief and Economic Security Act (CARES Act) allocated $349 billion to support small business owners and their workforce due to the current economic disruption caused by COVID-19. The attached fact sheet provides an overview of Title II of the CARES Act as it relates to people and employers of Tennessee.

Please, if you have employees, including seasonal or part-time, take advantage of the PPP program. It’s for all small businesses including farms. I got the comments from dairy farmers that they think they are not eligible, or they think it’s for businesses that need it the most. Well, that’s a mentality a lot of farmers have, but to me, farmers deserve the financial help just as much as the others. The funding once again will be exhausted soon, please contact your local lender asap to discuss how you can apply.

Let me know if you have any questions.

Iris
xcui10@utk.edu

No Comments

Sorry, the comment form is closed at this time.