Small Business Owner’s Guide to the CARE Act

By now, You’ve likely heard of the CARE Act- a group of programs and initiatives passed by Congress. CARE stands for the Coronavirus Aid, Relief, and Economic Security Act. But government programs can often be confusing. Thankfully, the US Senate Committee On Small Business and Entrepreneurship has created an easy to understand guide about the major programs and initiatives that will soon be available from the Small Business Administration.

Topics of discussion include the Paycheck Protection Program to help infuse capital to cover the cost of retaining employees during the crisis. A quicker infusion of cash might be available through an Emergency Economic Injury Grant. There is also the Small Business Debt Relief Program and tax provisions.

Click here for an easy explanation guide.