COVID-19 Emergency Loan Guide for Small Businesses

The U.S. Chamber of Commerce has prepared a guide and checklist for Small Businesses who may need an emergency loan because of the coronavirus crisis.
This document answers the following questions you may have:

  • Is your business eligible?
  • What are lenders looking for (and, what are they not looking for)?
  • How much can your business borrow?
  • Will the loan be forgiven, or, how could forgiveness be reduced?

Pease click the following button for more information:

For updates, more information about eligible lenders, and additional loan guidance you can visit sba.gov.

The Small Business Administration (SBA) and the Department of Treasury have released a number of Small Business Guidance & Loan Resources, including a Guide to the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

This guide delves into the different CARES Act programs and initiatives:

  • Paycheck Protection Program Loans
  • Small Business Debt Relief Program
  • Economic Injury Disaster Loans and Emergency Injury Grants
  • Small Business Counseling
  • Small Business Contracting
  • Small Business Tax Provisions

You can access this in-depth guide by clicking the button below:

Also to help small businesses, the IRS has released information on Coronavirus Tax Relief and Economic Impact Payments. Their COVID-19 resources also include News Releases, Statements, Frequently Asked Questions, Guidance, and Tax Help during this crisis.

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