Please download U.S. Chamber’s Coronavirus Emergency Loans Small Business Guide and Checklist below. This is the first of a number of resources they are developing to help business owners connect with the resources recently approved by Congress to respond to the ongoing pandemic.
As many of you are aware, 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 who maintain their payroll during this emergency. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.
Please feel free to share this guide with every business owner you know. Additionally, if you have access to a printer, take print-outs with you when you pick up food from local restaurants or visit other businesses, and let them know about the availability of assistance through this program.
We will continue to share other resources from the U.S. Chamber that will be helpful in getting our business owners through these tough times.