The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $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.
Prepared by the U.S. Chamber of Commerce
The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
Homeowners and Renters must register with the Federal Emergency Management Agency (FEMA) to obtain a FEMA Registration ID Number by calling 1-800-621-3362 prior to applying for an SBA loan.
f you are in need of immediate consultation and would like support in planning and forecasting please contact us on our website. https://www.liftfund.com/resources/contact-us/
In addition to the normal financial options we offer for business owners, we are providing free business coaching, disaster preparedness information and we can help you find resources you need.
The Texas Restaurant Association has been fighting daily to support the evolving needs of the more than 50,000 restaurants throughout the State of Texas and the 1.4 million workers they employ.
he Actors Fund has partnered with several industry organizations to provide emergency financial assistance to those who have immediate financial needs. Emergency financial assistance is available for people who are unable to pay their basic living expenses (food/housing/health care) over the next two months.