In our recent article, “The CARES Act: A First Look,” we discussed the wide variety of stimulus programs created with the CARES Act legislation, notably including several loan and tax relief initiatives available for small businesses and business owners. Small businesses are being especially hard hit by the COVID-19 pandemic, and it behooves business owners to become familiar with the various support options available to them under the CARES Act. There are several factors business owners should consider with regard to the loan programs recently enacted; please do not hesitate to reach out to your Brown Advisory team if you and your other advisors would like to discuss the new loan programs with us and develop a plan that makes sense for your business. We have prepared a summary information packet and checklist (available via the link below) that we hope can be of use as you consider your options. DOWNLOAD The views expressed are those of Brown Advisory as of the date referenced and are subject to change at any time based on market or other conditions. These views are not intended to be and should not be relied upon as investment advice and are not intended to be a forecast of future events or a guarantee of future results. Past performance is not a guarantee of future performance and you may not get back the amount invested. The information provided in this material is not intended to be and should not be considered to be a recommendation or suggestion to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy, sell, or hold any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. To the extent specific securities are mentioned, they have been selected by the author on an objective basis to illustrate views expressed in the commentary and do not represent all of the securities purchased, sold or recommended for advisory clients. The information contained herein has been prepared from sources believed reliable but is not guaranteed by us as to its timeliness or accuracy, and is not a complete summary or statement of all available data. This piece is intended solely for our clients and prospective clients, is for informational purposes only, and is not individually tailored for or directed to any particular client or prospective client. Any accounting, business or tax advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties.