Skip To Content

    Economic Relief & Other Resources

    In the midst of the Coronavirus, Our nation’s small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses. Below are some economic relief programs and applications.

     

    The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.

    SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

    Click Here For Paycheck-Protection-Program-Application-3-30-2020-v3

     

    Click Here For PPP Borrower Information Fact Sheet

    In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories were able to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. This loan advance will not have to be repaid. SBA will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on a limited basis only to provide relief to U.S. agricultural businesses.

    Click Here For COVID-19 ECONOMIC INJURY DISASTER LOAN APPLICATION

    Trackback from your site.

    Leave a Reply

    About our blog

    Our agents write often to give you the latest insights on owning a home or property in the South Florida area.

    Blog & Headlines