How the CARES Act Can Help Your Business

The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed through Congress on March 27, 2020. The initial act secured $2 trillion in economic aid for American workers, families, and small businesses as well as job preservation efforts. While some provisions under the CARES Act only apply to small businesses, the CARES Act offers financial support to businesses of all sizes as part of its focus on preserving jobs. Here are a few of the more common questions businesses are asking in the current economic climate:

  • Do you need a fast infusion of cash to cover your immediate expenses?
    Consider an Emergency Economic Injury Loan.
  • Are you concerned about keeping up with payments on a current or potential SBA loan?
    Review the details pertaining to The Small Business Debt Relief Program.
  • Do you need counseling to help navigate your uncertain COVID economic challenges? Utilize the free consulting services through the network of Small Business Development Centers.
  • Does your business need capital to cover the cost of retaining employees?
    Check out the Paycheck Protection Program.
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