Business
See What Programs the CARES Act Has for Businesses, Non-Profits Impacted by COVID-19
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The Federal government unveiled the the CARES (Coronavirus Aid, Relief, and Economic Security) Act which will help business of all sizes, and has special programs for small businesses and private non-profits. The legislation passed by Congress last week and signed by President Trump provides programs to help retain employees, gives grants and loans to businesses negatively impacted by the Coronavirus outbreak
The Payroll Protection Program offers loans to businesses that maintain their payroll during the Coronavirus emergency. Businesses with fewer than 500 employees can qualify. The Small Business Debt Relief Program gives loans to businesses. Loans can up to $5.5 million, and there are also micro loans of up to $50,000.