Decoding the CARES Act for Fleet-based Small and Medium Businesses

The Coronavirus Aid, Relief and Economic Security (CARES) Act provides $2.2 trillion to help individuals and businesses manage the economic fallout from the COVID-19 pandemic. The bill includes $350 billion for businesses with 500 or fewer employees and targeted relief for specific industries. 

Small businesses with commercial, corporate, and rental fleets have unique conditions when it comes to loans, loan guarantees, and other investments. This seminar, presented leading publications including,  Automotive Fleet, Auto Rental News, Business Fleet, METRO, School Bus Fleet and Work Truck, will provide guidance specific to those businesses regarding: 

  • Loan details, eligibility, and application requirements
  • Loan forgiveness do’s and don’ts for fleets
  • Other loan information such as the Economic Injury Disaster Loan Program
  • Requirements for larger companies access to loans
  • Updated information not covered in initial federal guidance
  • What’s next? Information on a potential CARES Act 2.0

Know the Panelists 

  • Phil Feigen, Attorney, Managing Partner (DC) & Shareholder, Polsinelli Law Firm  
  • Matthew W. Daus, Esq., Partner & Chair, Transportation Practice Group, Windels Marx 
  • Kirk Browning, President, Auto, Truck & Specialty Vehicle Fleet Divisions, 1st Source Bank 
  • Gregory M. Scott, Founder & President, Merevir Consulting