United States

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

CARES Act targets middle market with Main Street Lending program


Under the CARES Act, the federal government’s new Main Street Lending Program is designed to provide liquidity to middle market companies responding to the COVID-19 pandemic.

Midsize businesses, defined as those with 500 to 10,000 employees, may be eligible for loans under the new plan. Smaller organizations with fewer than 500 workers may be covered under the act’s additional provisions, the Economic Injury Disaster Loan Assistance program (EIDL), and the Paycheck Protection Program, which is administered by the Small Business Administration.

Signed into law on March 27, 2020, the CARES Act also provides tax relief and additional aid provisions.  

MAIN STREET LENDING PROGRAM: What you need to know

The CARES ACT: program highlights


IRS updates FAQs on CARES Act employee retention credits

The IRS has issued updated questions and answers regarding CARES Act employee retention credits for employers impacted by COVID-19.

  • May 29, 2020

Understanding what PPP loan forgiveness means for federal contractors

Federal contractors who participate, or have subcontractors who participate, in the PPP must consider what the funds mean to them.

  • May 29, 2020

New IRS website guidance regarding CARES Act NOL carrybacks and AMT

Questions and answers about how NOL carryback refund claims should address AMT calculations are now available on the IRS’ website.

  • May 29, 2020
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