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Prepared by the U.S. Chamber of Commerce
Coronavirus Emergency Loans
Small Business Guide and Checklist
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. 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.
The administration soon will release more details including the list of lenders offering loans under the program. In the meantime, the U.S. Chamber of Commerce has issued this guide to help small businesses and self-employed individuals prepare to file for a loan.
Here are the questions you may be asking —
and what you need to know.
Keep Reading
Covid-19 – Resources for Companies
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses.
4 Signs it is Time to Finally Fire that Sales Rep
Your low performers bring the whole team down, and this isn’t fair to your other employees who have to work harder to make up the difference. Here are some signs it is time to finally fire that sales rep.
Resources for Companies to Keep in Touch with Laid Off Employees
Engaging Current and Laid-Off Employees via Remote Communications. We hope these links and resources will help companies that have had to lay off employees, due to government orders, to keep in touch and ensure as many of their laid-off employees return to work as soon as possible.
