CARES Act Archives - CFO

Small-Biz Owners Used Forbearance, HELOCs to Survive

Working Capital

Small-Biz Owners Used Forbearance, HELOCs to Survive

In the depths of the pandemic, many owners turned to their personal credit to keep their businesses from going under.

By Vincent Ryan | May 20, 2021

U.S. Budget Deficit Climbs to $572B in Q1

U.S. Budget Deficit Climbs to $572B in Q1

The increase in the deficit reflected in part spending on coronavirus relief programs including enhanced unemployment benefits.

By Matthew Heller | January 12, 2021

Leverage Technology for Smoother Tax Compliance

Leverage Technology for Smoother Tax Compliance

Tax compliance in the aftermath of the Tax Cut & Jobs Act will not be simple or straightforward.

By Vincent Ryan | October 6, 2020

GOP Senators Offer 6-Month Lifeline for Airlines

Risk & Compliance

GOP Senators Offer 6-Month Lifeline for Airlines

A new $28 billion relief package would avert layoffs of airline employees as the industry continues to struggle with the COVID pandemic.

By Matthew Heller | September 22, 2020

Trump Signals Support for More Airline Aid

Risk & Compliance

Trump Signals Support for More Airline Aid

"We’ll be helping the airlines, you have to help the airlines,” the president says as carriers warn of layoffs.

By Matthew Heller | September 2, 2020

Beware of the Working Capital Safety Net

Working Capital

Beware of the Working Capital Safety Net

Could government stimulus be creating a false sense of security?

By Anthony Jackson | August 28, 2020

Watchdog Warns of ‘Significant’ PPP Fraud Risk

Watchdog Warns of ‘Significant’ PPP Fraud Risk

The GAO says "minimal" underwriting standards left the $670 billion small business rescue program vulnerable to fraud.

By Matthew Heller | June 26, 2020

Shining a Light on Earnings Adjustments

Growth Companies

Shining a Light on Earnings Adjustments

Finance will have to make some judgments when trying to present a normalized view of ongoing financial performance.

By Jonathan Nus and Michael Tamulis | June 24, 2020

New Bill Offers Second Loans to PPP Borrowers

Credit & Capital

New Bill Offers Second Loans to PPP Borrowers

“Congress must once again act urgently to support our most vulnerable small businesses through this crisis."

By Matthew Heller | June 19, 2020

7.7% of U.S. Mortgages Now in Forbearance

Credit & Capital

7.7% of U.S. Mortgages Now in Forbearance

Homeowners continue to take advantage of government and bank mortgage forbearance programs amid the coronavirus crisis.

By Matthew Heller | May 11, 2020

Senators Push for Clarity on Payroll Support After Airlines Threaten Cuts

Risk & Compliance

Senators Push for Clarity on Payroll Support After Airlines Threaten Cuts

The lawmakers say that airlines that are involuntarily cutting workers’ hours may be violating the terms of federal coronavirus aid.

By Lauren Muskett | May 8, 2020

Why Shake Shack is Returning $10M Government Loan

Credit & Capital

Why Shake Shack is Returning $10M Government Loan

The burger chain has faced operating losses of over $1.5 million each week amid the COVID-19 lockdown.

By Lauren Muskett | April 20, 2020

Over 1.6M Small Firms Get Corona Crisis Loans

Credit & Capital

Over 1.6M Small Firms Get Corona Crisis Loans

The Paycheck Protection Program has "enjoyed broad-based participation from lenders of all sizes and a wide array of industries and businesses."

By Matthew Heller | April 20, 2020

Airlines Accept Terms for Virus Relief Grants

Risk & Compliance

Airlines Accept Terms for Virus Relief Grants

In exchange for accepting the funds, carriers have agreed to prohibitions on stock buybacks and layoffs, and limits on executive pay.

By Matthew Heller | April 15, 2020

Strings Attached: Guidelines for Seeking Coronavirus Relief Funds

Risk & Compliance

Strings Attached: Guidelines for Seeking Coronavirus Relief Funds

Businesses should be prepared to go through a rigorous process, and in some cases should expect to give up ownership stakes.

By Gene Kohut | April 13, 2020