There are many pieces to the Coronavirus Aid, Relief and Economic Security Act (CARES Act for short) that just passed! We know you probably have many questions. Numberwise owner, Andy, made this video to walk through this Small Business Guide and Checklist on the Coronavirus Emergency Loans through the Paycheck Protection Program (PPP). Please note that after we recorded this video, the document was updated by the US Chamber of Commerce, and the revised version can be found here.
The Paycheck Protection Program loans are different from the SBA Disaster Loans. The great thing about these new loans is that they are potentially forgivable, meaning you MAY not have to repay them, if you meet the criteria.
Watch Andy’s video for the details. And by all means, please share with other business owners you know. We understand how difficult it can be to keep up with constantly-changing news and resources when you’re running a business.
Check out our COVID-19 resource page for more blog posts, videos and helpful information for businesses during the Coronavirus pandemic.