Williams Parker (Florida): Government Resources to Infuse Money into Small Business Affected by the Coronavirus

Signed into law on March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748) is designed to get much-needed liquidity to business by, among other means:

  • Origination of new Small Business Administration (SBA) loans through the “Paycheck Protection Act”;
  • Economic Injury Disaster Loans and Emergency Grants; and
  • Loan Payment Subsidies for Existing SBA Loans.

The SBA must provide additional guidance and regulations with 15 days of the execution of the CARES Act, but below is a broad outline of some of the resources designed to infuse liquidity into small business in the coming weeks. MORE.

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