The CARES Act: What it Might Mean for Your Small Business

Now that the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) has been passed by the US House of Representatives, the bill has been sent to President Trump’s desk for his final signature and approval. Since it appears that all procedural hurdles have been cleared, small businesses and nonprofits should look into the Paycheck Protection Loan Program and the Emergency Economic Injury Disaster Loans (EIDL) that are available through the Small Business Administration.