As you may have heard, the Coronavirus stimulus bill was signed into law by president Trump last week. The package is called the CARES Act, and provides over $2 trillion of economic stimulus across a variety of channels.
My first thought here is sheer size of the package. $2 trillion is a TON of money. While at some point I’ll look into how the package will be paid for, I’ve spent more of my energy recently learning what’s in it. The bill includes a mix of forgivable loans to small businesses, bailouts to corporations in certain industries, and checks mailed directly to taxpayers falling under a certain amount of adjusted gross income.
For many of our clients at Three Oaks Capital, there is urgency surrounding the relief opportunities for small businesses. This post will cover the four sections I think are most relevant. I’ll circle back and try to cover implications and opportunities for individuals in a subsequent post.