CARES Act federal funds available for business owners

Businesses that retained five or more employees during the COVID shutdown may qualify for the Employee Retention Credit.

Limited time remains to file to receive the highest benefit.

“It is not a loan, and it doesn’t matter that you received a PPP [paycheck protection program] loan,” said Diane Noto, ERC representative. “It’s a government stimulus program that will potentially pay up to $26,000 per W-2 employee. It is a refundable tax credit – a grant, not a loan – that your business can claim. The program is based on qualified wages and healthcare paid to employees.”

Noto works with business owners to discover if they qualify for the credit. “There is no upfront cost to see if your business may be eligible to receive money the federal government is distributing,” she said.

Noto said that 84% of businesses have not filed for ERC, and most do not even know this program exists.

“There are eight ways a business can qualify to receive the money,” she said. “Since the start of ERC, our partner has filed more than 13,000 claims on behalf of small businesses for grants totaling more than $2.1 billion.”  

Noto has helped a local small business owner learn that her business is entitled to $114,696 under the ERC. She is offering a free informational call to determine whether a business qualifies.

In business since 2009, Bottom Line Concepts launched a government aid division to help businesses impacted by COVID-19 maximize the Employee Retention Credit program. An advisor will walk business representatives through the process, give a refund estimate and process the refund with the IRS.

For more information, contact Diane Noto at or call 717-686-1831.




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