The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security
(CARES) Act which 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, as well as certain nonprofits 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.
To keep up to date on when these programs become available, please stay in
contact with your local Small Business Administration (SBA) District Office, which
you can locate here.
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.
• 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.
Already know what resources you’re
looking for? The table of contents can
direct you to more information about
the program or assistance product you
need.
Copy the link below into your browser to search the topics below and to preview the entire brief.
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
https://www.sbc.senate.gov/public/_cache/files/2/9/29fc1ae7-879a-4de0-97d5-ab0a0cb558c8/1BC9E5AB74965E686FC6EBC019EC358F.the-small-business-owner-s-guide-to-the-cares-act-final-.pdf
