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Posts tagged "COVID-19 loan"

The CARES Act for Small Businesses

With the passing of the Coronavirus Aid, Relief, and Economic Security ("CARES") Act, businesses are recommended to review the resources available to them to battle the effects of COVID-19 on their operations. We'll focus on the resources set aside for companies that meet the Small Business criteria. $350 billion has been allocated for the SBA to provide loans of up to $10 million per business. These funds include emergency grants, forgivable loans, or relief for existing loans. The program is intended to help business owners pay for overhead costs such as payroll, rent, and utilities.

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