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Federal Government’s CARES Act extends help to Small Businesses

SBA offers Guide to Programs Available

City of ClarksvilleClarksville, TN – The federal Coronavirus Aid, Relief and Economic Security (CARES) Act enacted March 27th, 2020 provides assistance to small businesses during this the coronavirus (COVID-19) pandemic.

Programs and initiatives in the CARES Act are intended to assist small business owners, some non-profit organizations and other employers with their immediate needs.

The White House - West Wing. (Official White House Photo)

Here are details about some of the programs:

  • The Paycheck Protection Program provides capital to cover the cost of retaining employees.
  • Emergency Economic Injury Grants provides a quick infusion of a smaller amount of cash to cover immediate needs.
  • Small Business Debt Relief Program can help business owners keep up with payments on a current or potential SBA loan.
  • Business counseling is available to help owners navigate challenging times.

Click here for a complete guide to information about the major programs and initiatives in the CARES Act available from the Small Business Administration (SBA) to address the coronavirus emergency.

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