The US Senate Committee on Small Business and Entrepreneurship has released a comprehensive small business owner’s guide to the CARES Act, passed by Congress on March 27, 2020. Are you a small business owner and wondering if the CARES Act programs apply to you? Are you struggling to get started? The following questions might help point you in the right direction.
Do you need:
- Capital to cover the cost of retaining employees? Then the Paycheck Protection Program might be right for you.
- A quick infusion of a smaller amount of cash to cover you right now? You might want to look into an Emergency Economic Injury Grant.
- To ease your fears about keeping up with payments on your current or potential SBA loan? The Small Business Debt Relief Program could help.
- Just some quality, free counseling to help you navigate this uncertain economic time? The resource partners might be your best bet.
The Small Business Owner’s Guide to the CARES Act may help you begin to answer these questions. Learn more and download the most recent version of the guide here.