Volunteer Form

Blog

U.S. Chamber of Commerce | Coronavirus Emergency Loans: Guide and Checklist for Small Businesses and Nonprofits

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses and nonprofits keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to eligible organizations.

Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.

The administration soon will release more details including the list of lenders offering loans under the program. In the meantime, the U.S. Chamber of Commerce has issued this guide to help organizations understand what to expect and prepare to file for a loan.

For the complete guide and checklist, click here.

Share it on

CHANGE THEIR WORLD. CHANGE YOURS. THIS CHANGES EVERYTHING.

Coronavirus (COVID-19) Response

As we learn about COVID-19 resources and services available, we will be sharing them here.