April 1, 2020

2020 – 04/01

The CARES Act contains several new Small Business Administration (SBA) loan and debt relief programs, including the Paycheck Protection Program, Economic Injury Disaster Loans and SBA debt relief for small and large businesses suffering economic damage because of the coronavirus (COVID-19) pandemic. A new SBA website details the new programs and loans and provides online applications for Economic Injury Disaster Loans and Low-Interest Disaster Loans. The site also includes information about the Express Bridge Loan Pilot Program, which allows small businesses who currently have a relationship with an SBA Express Lender to access up to $25,000. Visit the site at https://bit.ly/2JwY3bC