After weeks of debate, the Coronavirus Aid, Relief, and Economic Security (CARES) Act has set aside $2 trillion to stimulate the U.S. economy. The money has been appropriated but many details are still being hammered out.
There are several programs being rolled out to help small businesses – including individuals who are self-employed or even contractors.
Listed below are three government assistance programs that will help your small business weather the storm.
Get a $10,000 Business Grant Within Three Days
If you are any business that qualifies, including if you are self-employed or contractor – you should look at this.
The SBA has unveiled Emergency Economic Injury Grants to provide $10,000 loan advances to small businesses in need.
Any small business affected should apply as soon as possible. The $10,000 advance is a grant, meaning it doesn’t have to be paid back.
The application is extremely short (as of writing it’s 3 pages) and asks for a checking and routing number at the end.
Here is a video on how to fill out this simple application:
If you have clients of your own, make sure to tell them about this program so they can also apply.
Larger Forgivable Loans For Payroll Available With The Paycheck Protection Program
If you are an agency or a business with employees, this may be for you.
The PPP “is a loan designed to provide a direct incentive for small businesses to keep their…