The Coronavirus Aid, Relief, and Economic Security (CARES) Act designated $350 billion for small businesses and 501(c)(3) nonprofits to keep their workers employed during our current pandemic. Businesses with fewer than 500 employees, including solo practitioners, are eligible for these low-cost loans that can be converted to grants. Learn about this program and why your firm or organization should apply.
What You Will Learn
- What the eligibility is for the CARES Act loan program
- What the program's benefits are
- How and why you should apply
Mitchell A. Freed, CPA is a co-founding partner of T&F Certified Public Accountants, LLC. He currently holds position of managing partner in the firm and focuses primarily on attestation, tax, and consulting services for nonprofit trade associations and charitable organizations. He oversees the firm’s Nonprofit Advisory Group and administers quality control standards for attestation, tax, and accounting matters in the firm. Mr. Freed has over nineteen years of experience performing attestation, tax, and consulting for nonprofit organizations. He regularly consults with the firm’s nonprofit clients on a variety of issues, including strategic planning, budgeting, unrelated business income tax, and other governance and operational issues that affect nonprofits.
Ira Rheingold is executive director of the National Association of Consumer Advocates (NACA). At NACA, Ira has testified before both Houses of Congress, offered commentary before federal and state regulatory agencies, and helped draft amicus briefs before the nation’s highest courts. Ira created and managed the Institute for Foreclosure Legal Assistance. Currently, Ira serves as co-chair of the Financial Services Committee of the Trans-Atlantic Consumer Dialogue (TACD). Previously, Ira worked at the Legal Assistance Foundation of Chicago where he ran its Foreclosure Prevention and Senior Housing Projects. He is a graduate of Georgetown University Law Center.