rawls responds - cares act · 2020-04-14 · rawls responds: a small business primer on the cares...

RAWLS RESPONDSA SMALL BUSINESS PRIMER ON THE CARES ACT

RAWLS RESPONDS: A SMALL BUSINESS PRIMER ON THE CARES ACT

HOSTS AND TOPICS▸ Essential background:

▸ U.S. Small Business Administration (SBA)

▸ Coronavirus Aid, Relief and Economic Security (CARES) Act

▸ Economic Injury Disaster Loan (EIDL)

▸ Paycheck Protection Program (PPP)

▸ Overview of the EIDL and PPP applications

▸ Practical advice:

▸ Small business owners

▸ Finance professionals

▸ Real estate professionals

▸ College students

▸ Jared Harrell, Rawls College of Business

▸ Assistant Professor of Practice

▸ Practicing real estate attorney

▸ Stephen Buschbom, Rawls College of Business

▸ Assistant Professor of Finance

▸ Researcher in areas of real estate finance and investment

▸ Mike Mauldin, Rawls College of Business

▸ Director of the Excellence in Banking Program

▸ Former banker

▸ Shawn Ferguson, Crowley Kwik Kar, LLC

▸ Small business owner

▸ Three (3) owner-operated locations in Arlington, Edgecliff Village and Hurst

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REAL ESTATE ORGANIZATION

https://ttureo.com/

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Rawls Students - Scan the code below to register attendance for extra credit


RESOURCES COVERED▸ U.S. SMALL BUSINESS ADMINISTRATION

▸ COVID-19 Economic Injury Disaster Loan (EIDL) Application

▸ Paycheck Protection Program (PPP) Application Form

▸ U.S. SENATE COMMITTEE ON SMALL BUSINESS & ENTREPRENEURSHIP - The Small Business Owner’s Guide to the CARES Act

▸ U.S. CHAMBER OF COMMERCE - Coronavirus Emergency Loans: Small Business Guide and Checklist

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This resource has been prepared for general educational purposes, and is not intended as legal, tax, accounting or other professional advice. Due to the rapidly evolving nature of these governmental programs, you should consult with professional advisors for the latest developments.


IMMEDIATE FIRST STEPS1. Establish a local banking relationship (if you do not

already have one) 2. Talk to your banking contact about these (and other

internal or governmental programs) 3. Develop previous 18-month financial statements

‣ Number of jobs, employees ‣ Average monthly payroll ‣ Gross revenues ‣ Cost of goods sold ‣ Lost rents ‣ Operating expenses

4. Organize business records ‣ EIN (or SSN) ‣ Entity documents (formation certificates and

governance) ‣ Ownership structure and percentages ‣ Date(s) established ‣ Payroll verification documents

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www.hcsbt.org 800.992.7232

RAWLS RESPONDS: A SMALL BUSINESS PRIMER ON THE CARES ACT �6

1%2 years


CORONAVIRUS EMERGENCY LOANS: SMALL BUSINESS GUIDE AND CHECKLIST

https://www.uschamber.com/sites/default/files/023595_comm_corona_virus_smallbiz_loan_final.pdf

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PPP guidance on pages 2 - 4


PAYCHECK PROTECTION PROGRAM (PPP) APPLICATION FORM

https://www.sba.gov/sites/default/files/2020-03/Borrower%20Paycheck%20Protection%20Program%20Application.pdf

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THE SMALL BUSINESS OWNER’S GUIDE TO THE CARES ACT

https://www.sbc.senate.gov/public/_cache/files/2/9/29fc1ae7-879a-4de0-97d5-ab0a0cb558c8/1BC9E5AB74965E686FC6EBC019EC358F.the-small-business-owner-s-guide-to-the-cares-act-final-.pdf

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EIDL guidance on pages 7 - 8


COVID-19 ECONOMIC INJURY DISASTER LOAN (EIDL) APPLICATION

https://covid19relief.sba.gov/#/

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ADDITIONAL RESOURCES▸ Thompson Knight,

CARES Act Highlights

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▸ Lowenstein Sandler, SBA Paycheck Protection Program


FOLLOW-UP▸ Webinar questions

▸ Hub City Small Business Triage

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rawls responds - cares act · 2020-04-14 · rawls responds: a small business primer on the cares...

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