As we all get through this time together, we thought we would pass along some information on a program in the recently passed Coronavirus Aid, Relief and Economic Security Act (CARES Act). This presents several important funding opportunities that could directly improve the financial health of your business.
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) addresses the impact of COVID-19. The most recent aspect of this act is the Paycheck Protection Program (PPP), which will offer up to $30 Billion to small businesses. Here's how it might help you:
Further information can be found by contacting your local SBA field office or by contacting your local SBA lender. They are receiving a lot of calls at this time, so be patient, but we feel these programs may be a valuable tool for your business.
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Need more resources?Here are two PDF downloads that provide more detail on potential funding opportunities:
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