Coronavirus (COVID-19) Small Business and Nonprofits Guidance & Loan Resources
Mar 30, 2020
COVID-19 Resources For Small Business at Federal and State Level
How to Get an SBA Coronavirus Emergency Loan
The Coronavirus Aid, Relief, and Economic Security Act sets aside $350 billion for small business loans to provide economic relief in 2020. Here’s how to get one of these loans.
Coronavirus Emergency Loans Guide And Checklist For Small Businesses And Nonprofits
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses and nonprofits keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to eligible organizations.
Coronavirus Relief for Businesses Including State Level Relief
The Coronavirus pandemic has impacted every aspect of American life, including small businesses. With most Americans practicing extreme social distancing, businesses of all sizes have a dearth of customers. In some major markets, including New York, California and Chicago, governments have issued rules mandating that all non-essential businesses close and that restaurants only offer take-out and delivery. All of this has put an enormous strain on small businesses and led to a massive uptick in unemployment.
Coronavirus Tax Relief
The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus. This page will be updated as new information is available.