Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
Our nation’s small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law, which contains $376 billion in relief for American workers and small businesses. CARES Act established several new temporary programs to address the COVID-19 outbreak.
This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program. Learn More
>>> Update: PPP Resumes April 27, 2020 <<<
The SBA will resume processing Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020 at 10:30am EDT. Learn More
Employee Retention Credit
Eligible employers may claim a refundable payroll tax credit (up to $10,000 per employee) each calendar quarter equal to 50% of the qualified wages paid to employees. Learn More
Coronavirus Relief Options