Everything you need to know about the Paycheck Protection Loan and the SBA Economic Injury Disaster Loan programs.
The coronavirus pandemic has created uncertainty and stress for many American small businesses. Part of the government’s response to assist businesses during this time is the recent passage of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
With a massive $2 trillion allocated for businesses, individuals, federal agencies, and state and local governments, the CARES Act has been designed to distribute capital quickly and broadly. There are a number of provisions that impact small businesses. Here’s a breakdown of what you need to know