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UPDATED! Everything you need to know about the new CARES Act (U.S. Photographers)

  • 1 April 2020
  • 2 replies
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UPDATED! Everything you need to know about the new CARES Act (U.S. Photographers)
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:hugging: Signs of hope are here! :writing_hand_tone3:

The U.S. Congress just passed a groundbreaking $2 trillion stimulus package called the CARES Act.

What does it all mean?!

:pencil2: The bill allocated $350 billion specifically to assist small businesses – like yours. 

🖌️The key takeaway is you can access capital to keep your business running. This matters for  photographers because it offers financial relief for small businesses based in the United States.

💙This is an unprecedented lifeline for your photography business. 

We translated the CARES Act for you HERE, with actionable steps you can take NOW!

Attached is a wonderful fact-sheet from the SBA, which walks you through the steps you should take next.

*Updated with SBA Application form - see attachments at the bottom of this post!

 

 

 

 


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Thank you for the info. I have no employees, and operate out of my home. The PPP doesn’t seem to help someone in my situation. I’m just missing out on income. I don’t have any debt or mortgage. Any thoughts?

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Hi @MandyHerning  - great question! I know a lot of photographers might be in similar situations, potentially operating as sole proprietors. The PPP does seem to offer aid to sole proprietors and self-employed individuals, such as photographers. Have you had a chance to consult with a CPA or small business attorney in your area? I would definitely reach out to one asap and see if they can walk you through the eligibility requirements. This is a GREAT resource to read until you can connect with your own CPA or attorney: https://bench.co/blog/operations/paycheck-protection-program-self-employed/

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