Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
President Trump signed the Coronavirus Aid, Relief, and Economic Security Act the afternoon of March 27, 2020. The CARES Act’s estimated $2+ trillion funding includes: extraordinary public health spending to confront the COVID-19 pandemic; immediate cash relief for individual citizens; a broad lending program for small business; and, targeted relief for hard-hit industries. When implemented, there will be many new resources available for small businesses, as well as certain non-profits and other employers.
To help small business owners and entrepreneurs better understand the new programs that will soon be available to them, a comprehensive guide was created addressing many of the small business provisions in the
These programs and initiatives are intended to assist business owners with whatever needs they have right now. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.