The new CARES Act offers financial assistance to employers who have been affected by the Covid-19 pandemic. Businesses can access forgivable, low interest loans or small grants to push through the crisis. The US Senate Committee for Small Business and Entrepreneurship has released a guide for small businesses, found here, to break down what the loan options are and what they mean. 501C3 organizations and non profits are also eligible for funding through the CARES Act. An Express Bridge Loan Pilot Program is available for businesses that already have a relationship with the SBA. The Express Bridge Loan Pilot Program can be found here.
