CARES & New Loan Laws of EIDL Presented by the SBDC
On Friday March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act of 2020 (CARES).
As part of the CARES act, Congress created the Paycheck Protection Program. For this program, Congress has allocated $349 billion dollars to help non-profit's, sole proprietor and independent contractors and small businesses . Additionally, Congress has expanded the EIDL Program and relaxed the underwriting guidelines to help small businesses take advantage of this program.
Lawrence R. Johnson has deep executive experience leading established and start-up enterprises. He currently serves as the Program lead Advisor for the Small Business Development Center at El Camino College, where he leads efforts to provide technical business services to Los Angeles area enterprises. Larry is also the founder and CEO of LR Johnson Associates LLC, a specialty foods sales and marketing firm. Previously, Larry provided corporate finance advisory and investment banking services for both Deloitte and Price Waterhouse. He maintains an affiliation with the Los Angeles consulting firm of Stanton Associates LLC and the Investment Banking firm of Aaron Capital.
He is active in Rotary International, having served as President of his local Rotary Club. He also serves on the Board of Wells Bring Hope, a not for profit that drills water wells in Western Africa. Larry received his MBA from Columbia University and has a BS in Economics from Boston College. An avid golfer, Larry also is an aficionado of the Los Angeles Philharmonic