From the U.S. Senate Committee on Small Business & Entrepreneurship
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, self-employed and independent contractors, franchise owners, as well as certain non- profits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.
These programs are set to come online in early April. Connect with the Economic Alliance as needed for preferred SBA lender referrals.
- President/CEO Tim Nugent firstname.lastname@example.org
- Vice President Lisa Wogan email@example.com
FOR MORE INFORMATION AND TO DOWNLOAD THE GUIDE, CLICK HERE.
Table of Contents
- Paycheck Protection Program Loans
- Small Business Debt Relief Program
- Economic Injury Disaster Loans and Emergency Economic Injury Grants
- Small Business Counseling
- Small Business Contracting
- Small Business Tax Provisions
Struggling to get started? The following questions might help point you in the right direction. Do you need:
Capital to cover the cost of retaining employees? Then the Paycheck Protection Program might be right for you. Sample PPP application HERE.
A quick infusion of a smaller amount of cash to cover you right now? You might want to look into an Emergency Economic Injury Grant.
To ease your fears about keeping up with payments on your current or potential SBA loan? The Small Business Debt Relief Program could help.
Just some quality, free counseling to help you navigate this uncertain economic time? The resource partners might be your best bet.
For more information about local resources, visit the Alliance’s COVID-19 Response & Recovery portal.