Are you wondering what aid is available to small businesses? The US Senate Committee on Small Business and Entrepreneurship has released a guide to help. It provides useful information on the CARE Act (Coronavirus Aid, Relief, and Economic Security Act).
The Small Business Owner’s Guide to the CARES Act
The Small Business Owner’s Guide to the CARES Act is a helpful guide. It provides information on the following topics:
- Paycheck Protection Program Loans
- Small Business Debt Relief Program
- Economic Injury Disaster Loans and Emergency Economic Injury Grants
- Small Business Counseling
- Small Business Contracting
- Small Business Tax Provisions
Synopses and FAQs Are Presented
Most of the areas covered have a short synopsis as well as a series of Frequently Asked Questions to help guide you to which program or programs are best for your business.
Consult Your Attorney for Advice
As with any major decision, Vision Payroll strongly recommends that you consult your attorney for advice in choosing the program that works for your business. These laws are new and complex and you need to be aware of all the ramifications before proceeding.