Small business owners are facing an unprecedented economic disruption due to the COVID-19 outbreak. back in march, President Trump signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses. In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the financial issues inherent with the shutdowns connected with the COVID-19 pandemic. They are:
- The Paycheck Protection Program, which provides loan forgiveness for retaining employees.
- The EIDL Loan Advance which provides up to 10-thousand dollars of economic relief
- And SBA Express Bridge Loans that are up to 25-thousand dollars.
- SBA Debt Relief Program
There are also numerous state and county programs designed to provide assistance to business owners still needing financial assistance
