The U.S. Chamber of Commerce has prepared a guide and checklist for Small Businesses who may need an emergency loan because of the coronavirus crisis.
This document answers the following questions you may have:
- Is your business eligible?
- What are lenders looking for (and, what are they not looking for)?
- How much can your business borrow?
- Will the loan be forgiven, or, how could forgiveness be reduced?
Pease click the following button for more information:
For updates, more information about eligible lenders, and additional loan guidance you can visit sba.gov.
The Small Business Administration (SBA) and the Department of Treasury have released a number of Small Business Guidance & Loan Resources, including a Guide to the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
This guide delves into the different CARES Act programs and initiatives:
- Paycheck Protection Program Loans
- Small Business Debt Relief Program
- Economic Injury Disaster Loans and Emergency Injury Grants
- Small Business Counseling
- Small Business Contracting
- Small Business Tax Provisions
You can access this in-depth guide by clicking the button below:
Also to help small businesses, the IRS has released information on Coronavirus Tax Relief and Economic Impact Payments. Their COVID-19 resources also include News Releases, Statements, Frequently Asked Questions, Guidance, and Tax Help during this crisis.