The US Department of Commerce

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The US Department of Commerce has created a dedicated website to aid small business owners regarding the Federal Governments CARES Act and obtaining Grants or Loans.

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

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

Select here to visit the US Dept. of Commerce Site