sba

SBA CORONA RELIEF OPTIONS

Our nation’s small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses. Funding Options In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak. Paycheck Protection Program This loan program provides loan forgiveness for retaining employees by…