Not only does the CARES Act expand the SBA’s Economic Injury Disaster Loans, it creates the new Paycheck Protection Program – a SBA-backed loan program to help small businesses pay for expenses.
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Small businesses in #GA12 that are struggling as a result of the coronavirus outbreak can now access new loans to help keep their doors open and employees on their payroll.pic.twitter.com/7Yua9c1BAv
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The federal government will forgive 8 weeks of cash flow, rent and utilities at 100% up to 2.5x average monthly payroll, and you contact your lender directly about this program to access this relief as quickly as possible.
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