The Coronavirus Aid, Relief and Economic Security (CARES) Act: An employer’s guide
Insperity
APRIL 9, 2020
In addition, if the business has more than 500 employees but meets the SBA’s industry-based “size standard” requirements for the applicable NAICS code, then the business is also eligible. These loans are non-recourse, require no personal guarantee and are unsecured (i.e., no collateral is required). Loans may not exceed $10 million.
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