THE SMALL BUSINESS OWNER’S GUIDE TO THE CARES ACT
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act 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 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.
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.
Review Full Guide to the CARES Act
Emergency Loans Small Business Guide and Checklist, U.S. Chamber of Commerce
Guide to Economic Industry Disaster Loans, U.S. Chamber of Commerce
Guide to the Employee Retention Tax Credit, U.S Chamber of Commerce
Paycheck Protection Program Loan Summary
Paycheck Protection Program Application
CARES Act Flow Chart for Small Businesses