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CARES Act of 2020

CARES (Coronvirus Aid, Relief, and Economic Security) Act of 2020:

Notice 4/16: SBA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding. Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.

 

CARES (Coronvirus Aid, Relief, and Economic Security) Act of 2020: CARES Act would fund $349.4 billion to guarantee forgivable loans to small businesses impacted by the coronavirus. Click here for S.3548 - CARES Act Bill. Click here and here for summary. 

 

CARES Act programs and resources for small businesses through U.S. Small Business Administration (SBA):

  • SBA Coronavirus (COVID-19): click here for SBA response overview

  • SBA Small Business Guidance & Loan Resources: click here

  • SBA Coronavirus Relief Funding Options: click here

  • SBA Disaster Loan Assistance: click here and here for information

  • SBA COVID-19 Economic Injury Disaster Loan application: click here

  • More SBA loans and resources: click here

  • For more information on the program, click here and here.

  • For questions, please contact the SBA disaster assistance customer service center at 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov

 

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