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.
Paycheck Protection Program
This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program. Learn More
Download the PPP Fact Sheet
Download the PPP FAQs
Download the PPP Borrower Application Form
>>> 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
SBA Resources:
Coronavirus Relief Options
