“CARES Act” – Coronavirus Aid, Relief, and Economic Security Act
Below are just a few of the items that are important about each of the two options available through the CARES Act. For a deeper conversation and to see if you apply, Contact Us today.
There are two important programs to benefit Small Businesses and Individual Contractors/Sole Proprietors
1. Economic Injury Disaster Loan (EIDL)
– Link to apply, HERE
– A low-interest, fixed rate loan
– An up to $10,000 Advanced Grant to use on approved expenses
2. Paycheck Protection Program
– Link to more information, HERE
– Must apply at an SBA Approved Lender
– Possible loan forgiveness for maintaining payroll
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