The Small Business Owner’s Guide to the CARES Act
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just 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.
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.
Browse the full FAQ document here.
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