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The Cares Act SBA Loans

Updated: Oct 26, 2020


The Cares Act has a loan program called the "Payroll Protection Program" to which small businesses can get a loan from the Small Business Administration that should cover payroll expenses, rent and utilities for 8 1/2 weeks. As long as it is used for these expenses, it should be forgiven. See your local lender that works with the SBA loans for the details. The program begins tomorrow. It applies to self employed people too.


More information about the Paycheck Protection Program here:

https://www.sba.gov/fundi…/…/paycheck-protection-program-ppp


There is also a disaster loan available through the SBA if payroll isn't applicable:

https://covid19relief.sba.gov/#

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