The stimulus bill meant to help people survive economically through the virus crisis has a section offering loans to small businesses — and if the money is spent on salaries and layoffs are avoided the loans can be forgiven. (We’ve written about this before, and our last post has a lot of commentary with helpful info.)
And now Manhattan Borough President Gale Brewer sends word that Tim Wu at Columbia is getting law students to help people with these loans. To sign up for help, follow the instructions below.
“If you’re a small business owner with less than five hundred employees, Columbia Law Professor Tim Wu has been putting together a team of Columbia law students to help owners like you apply for the $349 billion in Paycheck Protection Program loans– the employee retention loans created by the CARES Act passed by Congress. *IF* owners use these loans to pay workers rather than lay them off, the “loans” are forgiven. You may recall I mentioned Friday that applications have opened and that these loans are first-come, first serve. This is a terrific offer, and to keep them from being overwhelmed, please email me at email@example.com with “Columbia Law PPP” in the subject line.”