On March 25, 2020, the Senate unanimously passed the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), a $2 trillion stimulus package designed to help the ailing economy and ease the burden on families and businesses.
Pursuant to the Safer at Home Order, all individuals present within the State of Wisconsin have been ordered to stay at home or at their place of residence. The Safer at Home Order is effective from 8:00 AM on Wednesday, March 25, 2020 to 8:00 AM on Friday, April 24, 2020.
In response to the COVID-19 pandemic, the SBA is now offering low-interest, long-term federal disaster relief loans to provide working capital to small businesses suffering substantial economic injury as a direct result of COVID-19 through its Economic Injury Disaster Loans (EIDL) program.
On March 18, 2020, President Donald Trump signed the Families First Coronavirus Response Act (“FFCRA”) into law. The FFCRA will be in effect no later than April 2, 2020 and may be implemented sooner.