CT Credit Union Hosts CARES Act for Small Businesses

Nutmeg State Financial Credit Union’s Shane Dugan, Assistant Vice President of Lending, will decipher how the new Coronavirus Aid, Relief, and Economic Security Act (CARES Act) benefits local small businesses in a FREE Online Webinar on Thursday, April 9 at 3:00 p.m.

The federal CARES Act signed into law on March 27, 2020 provides emergency relief to companies impacted by coronavirus (COVID-19) however there are many questions about accessing funds. Key components include the 7(a) loan program and the Small Business Paycheck Protection Program that provides small businesses with financing to pay up to eight weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent and utilities but must fall within program parameters.

Register for the webinar hosted through Zoom and broadcast on Facebook Live at www.nutmegstatefcu.org.

As a Small Business Administration (SBA) Lender, Nutmeg is dedicated to educating local business owners about every available resource to keep their doors open, rehire workers and ease concerns. The credit union can also provide additional security through its short-term lending options and wide variety of online services useful for remote banking. They are already helping businesses across the state bridge financial gaps and remain operational through the current crisis.

 

About Nutmeg

Chartered in 1936 and headquartered in Rocky Hill, Nutmeg State Financial Credit Union is open to anyone who lives, works, worships, attends school or volunteers in the Hartford, New Haven, Middlesex or Tolland Counties as well as the cities of Shelton, Stratford and Bridgeport, Connecticut. They offer members a friendly banking environment and take pride in educating consumers about the advantages of joining a credit union. Visit them at www.nutmegstatefcu.org for more information.