The Estate & Asset Protection Law Firm Founder, Victoria L Collier, Shares Overview Of The Recently Passed Small Business Stimulus Package
Estate & Asset Protection Attorney, Victoria Collier shares valuable details of the Coronavirus Aid, Relief, And Economic Security (CARES) Act recently passed by Congress to help small business owners survive this economic crisis.
DECATUR, GA, April 22, 2020: Victoria L. Collier, founder of The Estate & Asset Protection Law Firm, has posted a new article on her law firm’s website entitled “Small Businesses Stimulus Package Overview,” in which Ms. Collier provides a very brief overview.
Collier writes, “Congress recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act which features a number of programs and initiatives to assist small business owners with a variety of immediate financial needs.” She continues, “I am providing an overview of some of what, as a small business owner myself, I consider to be the most relevant aspects of the stimulus package.”
“This is merely a brief overview,” Collier writes, adding, “When the programs and initiatives are implemented there will be many more resources available for small businesses through the Small Business Administration (SBA).”
As Collier points out, “The idea is to keep as many people as possible on the payroll, so the economy does not come to a complete standstill.” “If employees can continue paying their bills and meeting their responsibilities,” she adds, “we can get through this unprecedented time one step at a time all together.”
According to Collier, one of the most exciting aspects of the package is the Payroll Protection Program Loans. She states, “Ensuring that employees have jobs to return to if they cannot accomplish their work at home, is integral to getting the economy rolling once this virus is behind as we each do our part to help get it under control.” She goes on to say that, “This program would provide cash-flow assistance through 100% federally guaranteed loans to employers who maintain their payroll throughout this emergency. If employers do maintain their payroll, the loans would be forgiven.”
Collier adds some of the qualifications that must be met. She writes, “In order to be eligible for a PPP loan, you must have been in operation on or before February 15, 2020. Your business concern which includes 501© (3) nonprofits, veterans organizations or Tribal business concern, must have fewer than 500 employers, or the applicable size standard for the North American Industry Classification System (NAICS) industry as provided by SBA, if higher. Individuals who operate a sole proprietorship or is an independent contractor and eligible self-employed individuals are also eligible.”
The entire article can be read at https://www.elderlawgeorgia.com/blog/small-businesses-stimulus-package-overview/
About The Estate & Asset Protection Law Firm
The Estate & Asset Protection Law Firm was established to serve the legal needs of retiring citizens. The Firm focuses its entire practice on providing strategies to protect independence, privacy, assets and taxes from the government. Victoria Collier has grown her law practice and financial services practice by providing excellent customer satisfaction with personalized wealth protection plans.
About Victoria Collier
Victoria L. Collier, CELA founded The Estate & Asset Protection Law Firm to serve the legal needs of seniors when their health care needs increase. Victoria is also Co-Founder of Collier Scott Financial Solutions, LLC. At both firms WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability.
Victoria enlisted in the U.S. Air Force during Desert Storm, 1989-1995, and also served in the U.S. Army Reserves, 1Lt. 2001-2004, JAG Corps. Victoria is a national expert on the VA Wartime Pension for veterans and their widows who need additional assistance with activities of daily living and helping them qualify for and receive tax-free income from the VA to pay for it. Victoria graduated from Valdosta State University with a B.A. in Psychology and then University of Nebraska, College of Law. In 2014, Victoria was awarded with the Alumni Master Award from the University of Nebraska.
Victoria is a Certified Elder Law Attorney through The National Elder Law Foundation and has been named as the only attorney in Georgia as “Fellow” of the National Academy of Elder Law Attorneys (NAELA). Victoria was appointed by Governor Perdue to the Georgia Council on Aging, 2010 – 2016 and was awarded Dekalb County Veteran of the Year, 2013. She is the author of 47 Secret Veterans Benefits for Seniors; Paying for Long Term Care – Financial Help for Wartime Veterans: The VA Aid & Attendance Benefit. Victoria has co-authored several books: Blooper Episodes in Estate Planning, Don’t Go Broke in a Nursing Home, and Protect Your IRA: Avoid the 5 Common Mistakes. Most notably, Victoria co-authored the National Best Seller, The Road to Success, with Jack Canfield, author of Chicken Soup for the Soul series.