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Posted on: April 1, 2020

Small Business Owner's Guide to the CARES Act

Congress’ $2 trillion coronavirus stimulus package is the rare legislative agreement that will have an immediate and lasting impact on ordinary citizens around the country. Below our Partner Retail Strategies has compiled information regarding the content of the Act and the assistance that is available:

When the CARES Act is implemented, there will be many new resources available for small businesses, as well as certain non-profits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA. Please see the link below for vital information regarding the assistance programs through the CARES Act: 

Below is a guide and checklist for small business and non-profits from the U.S. Chamber of Commerce which assist in understanding the loans and eligibility:

These times are very unique and we understand the angst each of you may be going through. We, at the City of Longwood, are attempting to understand the various programs that are being developed and offered and we will do our part in communicating any new information we may receive. Stay Healthy and we will get through these times.

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