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CORONAVIRUS EMERGENCY LOANS Small Business Guide and Checklist

Home / Taxes / CORONAVIRUS EMERGENCY LOANS Small Business Guide and Checklist

By: LSteinberg | March 31, 2020

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.

Read the complete guide here.

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Steinberg Enterprises, LLC

Your financial future is our first priority

Leonard Steinberg, EA, CMC
(609) 443-0469

186 Princeton-Hightstown Road
Building 3A, Suite 9
West Windsor, NJ 08550

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