U.S. Small Business Administration, Coronavirus Relief Options
The Coronavirus Aid, Relief, and Economic Security (CARES) Act contains $376 billion in relief for American workers and small businesses, such as: Paycheck Protection Program, EIDL Loan Advance, SBA Express Bridge Loans, and SBA Debt Relief.
Available to: American Workers and Small Businesses
U.S. Small Business Administration, Paycheck Protection Program
Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward. For more details, view the Coronavirus Emergency Loans Small Business Guide and Checklist, prepared by the U.S. Chamber of Commerce.
U.S. Small Business Administration, Economic Injury Disaster Loan
Loans of up to $2 million to qualified businesses and nonprofits in declared disaster areas.
EIDL assistance is available only to small businesses when SBA determines they are unable to obtain credit elsewhere.
800.659.2955 | https://disasterloan.sba.gov/ela/Information/EIDLLoans
Internal Revenue Service (IRS)
This website contains information on a series of special tax laws that may help businesses and farms with financial recovery after a disaster.