President Trump signed the CARES Act on Friday Providing Emergency Payroll Assistance.
The CARES Act has approved $350 billion in emergency loans for small businesses to help them keep workers employed. In fact, if small businesses maintain or later restore their payrolls, they may not have to repay some — or possibly any — of the loan. We encourage you to utilize the US Chamber's Coronavirus Emergency Loans Small Business Guide and Checklist to help answer common questions and navigate the process.
The goal of this assistance is to keep your team together so that when this crises ends, you will be able to quickly resume normal business. These loans will be made by local banks. You may want to reach out to your bank for more information on how to quickly apply.