Guide to COVID-19 Issues and Relief for Your Business
10 a.m. ET | 5 p.m. IST
A Complimentary Webinar for Israeli Companies Doing Business in the United States
Many cash-strapped Israeli companies that conduct business in the United States may find a lifeline in the Coronavirus Aid, Relief and Economic Security Act (CARES Act), the $2.2 trillion economic stimulus act signed by President Trump, through existing U.S. Small Business Administration (SBA) programs.
The CARES Act, in conjunction with the Coronavirus Economic Stabilization Act (CESA), creates new loan programs and loosens some SBA loan program requirements, with the goal of giving small and mid-sized businesses quick access to funds and enabling companies to retain employees and maintain operations during the crisis.
Focusing specifically on Israeli companies doing business in the United States, our panelists will detail the differences between the Economic Injury Disaster Loan Program and the 7(a) Paycheck Protection Program, explaining which option may best fit a company’s needs and strategic objectives, as well as discuss the requirements for the new loans for companies with more than 500 employees.
Fox Rothschild is an Accredited Provider of Continuing Legal Education in California, Nevada, New Jersey, New York, and Texas. This program is eligible for a maximum of 60 minutes of CLE instruction in these states. CLE Credit is not available in Pennsylvania. We will seek accreditation in other states where eligible by request.